"We plan to open 6-8 outlets of Westside every year over the next 2-3 years, with an eye to expand to newer cities, apart from increasing presence in existing ones," Himanshu Chakrawarti, company general manager (marketing) said in Mumbai.
The new cities where stores would come up include Lucknow, Kanpur and Coimbatore, he said adding currently Westside has 18 stores in 11 cities.
The new cities where stores would come up include Lucknow, Kanpur and Coimbatore, he said adding currently Westside has 18 stores in 11 cities.
"Of the new stores planned over next three-year period, we are looking to enter about 12 new cities while increasing strength in 8-9 existing ones," Chakrawarti said adding it took approximately Rs 4-5 crore (Rs 40-50 million) investment per store.
He also said that Trent had plans to open two more 'Star India Bazaar' hypermarket stores. "Currently we have one at Ahmedabad and would now open one each at Bangalore and Mumbai," he said. Investments per store of Star India Bazaar ranged between Rs 6-8 crore (Rs 60-80 million), he added.
Trent augmented its portfolio last month when it acquired a 76 per cent stake in Chennai-based privately-owned books and music retailer 'Landmark' for Rs 103.6 crore (Rs 1.03 billion).
Asked whether the investments would be made through internal accruals of the profitable venture, he said details are being worked out.
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