Tata group-owned Trent’s - lifestyle retail chain and subsidiary - Landmark Book and music store is planning to launch eight new medium and large format stores in the country in the next two years. This would entail an investment of Rs 4.5-5 crore per store and the company is looking at opening stores in Bangalore, Mumbai, Chennai and Chandigarh. Recently, Landmark has opened its second 15,000-sq-ft medium store in Pune. The company currently has a total of 17 large company-owned stores in India.
Landmark stores are growing at 20-25 percent annually. The company derives 45 percent revenue from books and music. It has added two categories that are sports and gaming zone which will focus on all the latest games and consoles. As the leisure and lifestyle market in India is growing rapidly, the company, in the next seven to eight years is expecting over 50 percent business from the newly added gaming zone. Each section of gaming requires an additional investment of Rs 75 lakh.
Landmark medium-format stores, ranging from 15,000 square feet to 16,000 square feet, requires an investment of Rs 4.5-5 crore while the large format stores need Rs 8-9 crore. The company plans to open a third store in Pune this year, followed by Chandigarh, Bangalore and Chennai or Mumbai later this financial year.
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.
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 3619.60 |
| Aditya Birla Fashion | 284.45 |
| Trent | 6459.45 |
| Electronics Mart Ind | 159.50 |
| Future Retail | 2.41 |
| View more.. | |
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