Around 5–6% of Westside’s sales now come from digital channels, which the company says is significant. The online store matches physical outlets in both pricing and product selection, making e-commerce an extension of the brand
We will soon be mounting delegations of Indian seafood exporters to Singapore and the UAE. Besides, Latin America and the Gulf region have huge potential for our products, Union minister for commerce and industry Piyush Goyal said.
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.
Trent Limited is flagship fashion retail company of the Tata Group. Trent is fast scaling up its key fashion apparel brands viz Westside and Zudio. Apart from apparel Trent has been scaling up in new categories viz footwear and innerwear. Setting up of dedicated mass beauty stores and foray into lab grown diamonds would provide the next growth leg.
Almost 80% of sales is coming from WestStyle Club members, the initiative has proven to be a key component of Westside's customer retention strategy
At CMP, Trent is trading at 32x FY23 EV/EBIDTA projections. Valuations are expensive but strong growth prospects would continue to drive re-rating. Investors should add the stock in the portfolio. Here’s why.
Trent’s store expansion strategy in the apparel space is fast, and this would pave the way for an industry-leading growth
Trent has a strong parentage and brand recall, which, along with an efficient operating model, ensure for itself the best financial metrices in the industry
Trent has the strongest balance sheet among apparel players with zero debt (excluding lease liabilities)
With almost all stores reopened and the festive month of October witnessing a recovery, we expect Trent to post better results in the second half of FY21
With year-on-year (YoY) growth at 150 percent, the company is in advanced talks with e-tailers like Amazon as it looks to raise more funds reports CNBC-TV18s Poornima Murali and Archana Shukla.
Trent, a part of Tata group, rose as much as 3 percent intraday on Tuesday as the company decided to buy private equity fund TVS Shriram Growth Fund's entire stake in Landmark for Rs 84 crore.
Phani N Raj, a management graduate (USA) has worked with PricewaterhouseCoopers in Chicago before moving to India and starting eYantra 10 years ago. He founded Zaggle a year ago as part the eYantra group of companies.
Venkatesh Rajagopal, CMD of the company, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, spoke about the recent happenings in his company and the road ahead.