Trent to open seven hypermarkets this year

MUMBAI: Tata Group’s retail arm Trent will open seven hypermarkets this year as part of its plan to add 50 hypermarkets in the next three years, a top company official said on Wednesday.

The expansion of Star Bazaar, the hypermarket format which sells food and grocery, will require an investment of Rs 275 crore, P Venkatesalu, CFO of Trent told reporters after the company’s AGM in Mumbai.

The retail arm of the salt-to-software conglomerate Tata Group runs seven Star Bazaar in Mumbai, Chennai, Bangalore and Ahmedabad. The hypermarket format is likely to break-even once it has at least 25 stores, he added. Trent will spend nearly Rs 170 crore this year for expansion of Westside, Star Bazaar and Landmark.