Trent shares surged over 3 percent on March 26 after the company announced that its brand Westside has opened three more stores in multiple cities, taking its total store count to 244. The shares of the Tata Group company were trading at Rs 5,360 per share in the afternoon, extending gains for the second consecutive session.
In three separate exchange filings, Trent announced the inauguration of three new Westside stores in Jodhpur, Jaipur and Chennai. The 242nd store which was opened in Rajasthan's Jaipur is spread across 31,641 sq ft of land, while the 243rd store inaugurated in Jodhpur spans across 25,602 sq ft of land. The 244th store which was launched in Chennai spreads across 26,000 sq ft.
"The new store seamlessly embodies the brand's vision of delivering an extraordinary retail experience, providing customers with contemporary and modern fashion trends at an exceptional value. It is committed to offering a seamless shopping experience, with meticulously arranged and clutter-free displays that highlight the newest fashions. With distinctive style, the brand embraces innovation and refreshes their collection every three weeks on Friday," Westside said about each of the new stores.
Notably, the store portfolio of Westside has strongly surged from the 238 units it had reported at the end of the December quarter of the current financial year. While announcing its Q3 results in February, the company said it had added 14 Westside and 62 Zudio stores (including 1 in Dubai) across 46 cities. At the end of the reported quarter, the total store count for Zudio stood at 635.
Also read: Trent Q3 net profit rises 34% to Rs 497 crore, in line with estimates
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