Tata group’s retail arm Trent is betting big on its apparel value format Zudio retailing chain for driving its next level of growth and has plans to open 150-200 new stores in the 2024-25 fiscal.
The Zudio expansion will be equally split between own stores of the company and franchise arrangement.
Just seven years old, Zudio sells menswear, womenswear and kidswear with an attractive average selling price of Rs 500.
The company is focusing on fast fashion to attract the youth who are now spoilt for choices because of global fast fashion brands such as Zara and H&M.
At its annual general meeting, Trent had said it would open 150-200 stores of Zudio in the next fiscal.
In the ongoing fiscal, Trent has already opened 100 stores and by the end of the fiscal in March 2024, the Zudio store count will be around 500.
With the addition of 150-200 stores in the next fiscal, the Zudio store count may reach between 650 and 700 by the end of the 2024-25 fiscal
With the fast growth in store numbers, it is expected that Zudio might overtake Westside, which is also the clothing retailing chain owned by Trent.
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