Tata group retail firm Trent plans to pursue accelerated expansion once its existing stores are back in business after being impacted by the coronavirus pandemic.
The company is committed to resolving the challenges and pursuing accelerated expansion in the future. It also continues to monitor the existing stores and refresh the portfolio through multiple initiatives including absorption/refurbishment of brand diluting stores.
For its future expansion, the company will focus on key aspects of brand, supply chain, reach and sustainability. It will focus on bolstering its "portfolio of own brands across concepts" while straddling retail space with unique brands to address multiple customer segments and value positioning and choose brands to anchor on differentiated products, sharp pricing, lifestyle experience and wide reach.
The company will also pursue a sustainable online business model and digital reach.