Trent, which formed a venture for multi-brand retail with Tesco, is mulling to launch different formats including mid-sized stores, for -- Star Bazaar -- to achieve profitability faster.
In this regard, the company has opened a smaller format called Star Daily in Pune, a convenience store that is doing very well. Moreover, the company is planning to launch a second such store shortly.
At present, Star Bazaar has 12 hypermarket stores, each spread over 40,000-80,000 square feet. Trent Hypermarket (THL) operates the Star Bazaar retail business in India.
Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.
