WESTSIDE

Growth gets thinner for Zara as competition grows in size

Zara has been a runaway success since its arrival in the country more than a decade ago but after initially doubling sales every two years, the brand's rate of expansion had come down in the past few years. "The market is very competitive, and the challenges are real. Nevertheless, the opportunity pool and the size of the market means that there is space for multiple successful players. Trent remains well placed to navigate this next phase of growth by leveraging our platform and growth engines," P Venkatesalu, chief executive officer at Trent, said in the report.

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Tata Group brands touch all online shoppers; Tata Digital will stitch all assets: Mukesh Bansal

The Tata group has consumer facing brands like Titan, Tanishq, Westside, Zara, Chroma, Taj Hotels, Tata Sky and now commands a 35 market share with three airline brands.
Trent net profit rises 43% to Rs 113 crore for Q3 FY22

Its revenue from operations stood at Rs 1,499.08 crore during the quarter ended December 2021 as against Rs 853.63 crore in the corresponding period of previous fiscal, according to a regulatory filing. Trent expenses stood at Rs 1,383.62 crore in the quarter as against Rs 3,175.07 crore in the same time last year.
Operations adversely impacted due to COVID-led disruptions: Tata Group retail firm Trent

"Our revenues from retailing of non-food merchandise have been substantially and adversely impacted. Nevertheless, the business has continued to incur committed expenditures especially with respect to our employees and other expenditures not directly linked to revenues," said Trent in a regulatory filing.
Trent Q4 results: Reports net profit of Rs 17 cr; revenue at Rs 906 cr

Its revenue from operations was at Rs 905.54 crore during the quarter under review. It was Rs 842.93 crore in the corresponding period of last fiscal.
Trent Q4 net profit at Rs 321.64 cr

Trent, which operates retail chain Westside and Zudio concept stores, said operations have been "impacted by the various Covid-19 pandemic related developments."
Arvind to shut troubled Unlimited stores

The plan is to focus on the ‘power’ brands in an effort to boost growth and consolidate business, as consumer-focused companies struggle with slowing demand.
Zara's Indian partner is building its own cheaper fashion chain

Increasingly, the retailer is finding it can slash that time to 40 days, using Zara-inspired tricks like holding fabric stock itself, Tata said.
Tatas ready for face-off with HUL in FMCG biz

As a first step to its bigger plan, Tata Global will be acquiring the food (salt, spices, proteins, snacks, sweeteners) and non-food (detergents) business of Tata Chemicals to create an enterprise with a turnover of Rs 9,099 crore.
Tata Sons rejigs businesses into ten verticals

The creation of verticals under N Chandrasekaran will help about 100 companies synergise operations and cut costs.
Tata Retail arm acquires five floors of office space at Lodha Wadala project

Trent operates retail chain Westside, Landmark, a family entertainment format store, and Star Bazaar, a hypermarket chain which is a joint venture with UK’s supermarket chain, Tesco. The newly acquired space is expected to house consolidated offices of these brands.
Traditional apparel is becoming a part of daily wear

Premium merchandise that was visible only on catwalks and bridal scenes a few years ago is becoming mainstream and is being worn daily.