Westside to open 20-30 stores next fiscal, ramp up e-commerce ops
₹8,213 crore with a profit after tax of ₹555 crore. Trent operates multiple formats such as Zudio, apart from a supermarket concept operating under the Star brand. Westside offers branded fashion apparel, footwear and accessories for women, men and children, along with a range of home furnishings and decor.
The company also operates Zara stores in India via its joint venture Inditex Trent Retail India Pvt. Ltd. The retailer competes with Aditya Birla Fashion and Retail's Pantaloons, apart from Shoppers Stop, Landmark Group's Lifestyle.
among others. Westside registered 49% like-for-like growth in sales in FY23, according to the company's annual report. The retailer is working on new product ideas to drive both premium products in the apparel portfolio as well as expand the non-apparel category.
“We're looking at ensuring that we have a balance across the portfolio of brands we offer. Increasingly we’re seeing huge growth in more premium products. We're not changing the strategy but we're offering more space and more focus on those brands that are at a slightly higher price point," she said.
“We need the value but we also need the exit (price point) so you get the full offer. Consumers are choosing to buy value but throw in premium as well," she added. Apparel accounts for 70% of the retailer’s business.
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