Trent to focus on new categories and non-metro expansion to fuel growth
Tata retail business Trent Limited expects to see revenue growth in the coming financial quarters after it saw its net profit drop by the highest amount since Covid-19 in the fourth quarter of the 2025 financial year. The business now plans to focus on new categories and non-metro expansion to fuel positive growth.
Following a recent backend expansion of Trent's youth-focused apparel brand Zudio,the business expects strong revenue growth in the 2026 fiscal year, ET Bureau reported. As a value centred brand, Zudio has lower profits margins and relies more on higher sales volumes. The rising share of Zudio in Trent's overall revenue mix also contributed to its lower margins in the March quarter.
"Trent's expansion hinged on a focus on Tier 2 and 3 cities," read a report by brokerage firm Elara Securities, ET Retail reported. From the 2025 financial year to the 2028 financial year, Elara Securities expects to see 17% yearly store count growth for Zudio and 8% for Westside.
Trent is expected to look to new product categories for growth, including lab grown diamonds, a segment which is fast disrupting India's fine jewellery industry. The business is also expected to widen its beauty offering and launch new cosmetics products.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
AFP
2 days ago
- AFP
Posts falsely claim Nigeria was 'debt-free' after settling IMF loans
'BREAKING NEWS!!! Good news- Nigeria is finally debt-free,' read the caption of a Facebook post published on May 16, 2025. Image Screenshot showing the false post, taken June 2, 2025 Nigerian President Bola Tinubu was pictured in the post alongside text that read, 'Nigeria is finally debt-free after paying $3.4 billion to the IMF'. In a statement to local newspapers on May 8, 2025, the IMF confirmed that Nigeria has fully repaid the $3.4 billion loan obtained under the so-called Rapid Financing Instrument to cushion the economic impact of the Covid-19 pandemic — later corroborated by the Nigerian government (archived here and here). An identical claim was shared hundreds of times on Facebook, including in Ghana and Pakistan. However, the settling of the IMF loan does not mean Nigeria is debt-free. Unpaid borrowings AFP Fact Check searched the DMO's website where Nigeria's public debt is disclosed and found that as of December 31, 2024, the nation had outstanding loans of more than $46 billion, excluding the $3.4 billion repaid to the IMF. According to a factsheet published by the DMO on April 4, 2025, the unpaid debt is held by 'multilateral, bilateral, and commercial' creditors. So-called multilaterals constitute the largest share with a total of $22.32 billion, just under half the total external debt (archived here). Key multilateral lenders include the World Bank Group – with the International Development Association (IDA) accounting for $16.56 billion and the International Bank for Reconstruction and Development (IBRD) $1.24 billion – and the African Development Bank Group, which collectively holds over $3 billion in Nigerian debt. Bilateral debts amount to $6.09 billion (13.30 percent of the total), with China's Exim Bank owed $5.06 billion. Other bilateral lenders include France's Agence Française de Développement, Japan's JICA, India's Exim Bank, and Germany's KfW. Commercial debt stands at $17.32 billion (37.83%), primarily from Eurobonds. Additionally, syndicated loans from institutions like Deutsche Bank AG contribute a smaller portion, totaling $54.87 million (0.12%). Meanwhile, Nigeria's debt pile may balloon should the country's legislature approve Tinubu's fresh $24.14 billion loan proposal. By the end of 2026, the West African nation may be wallowing in roughly $69.92 billion in loan servicing (archived here). AFP Fact Check previously debunked claims about Nigeria's relationship with the IMF here.
France 24
6 days ago
- France 24
Is Hollywood still the world's movie business capital?
US President Donald Trump's threat to drag the movie world into his trade wars has rattled an industry that is still recovering from the Covid-19 shutdown, historic Hollywood strikes and the disruption caused by streaming platforms like Netflix. Will Los Angeles end up like Detroit, the former global capital of the auto industry, or will it bounce back from this crisis? Charles Pellegrin discusses this and more with Serge Siritzky, a French film producer as well as an expert in film finance; and Stuart Nash, a former New Zealand minister for economic development. While in office he oversaw over $650 million in film subsidies to attract huge Hollywood productions such as "Avatar" or "A Minecraft Movie".
Fashion Network
27-05-2025
- Fashion Network
Monsoon, Accessorize owner Adena Brands swings to loss but current year sees recovery
Its current financial year is two-thirds complete and the company has seen a return to sales growth so far, as well as a return to profitability and "much better performance in the areas that caused such concern last year". Looking more closely at the actions it took to improve its performance, the company said that within its Monsoon retail portfolio it continued to close legacy dual-format stores (those older stores that combined both Monsoon and Accessorize in a single space) as their leases expired. It also paused its rollout of Monsoon boutique stores "to give time to create a supporting outlet business and to test revised shopping centre format and station and airport travel locations". This meant its Monsoon retail sales were lower than it originally planned as reduced sales from closures outweighed new sales from openings. It also 'realigned' its Monsoon kidswear business, rebuilding the leadership team and completely redesigning its collections. Given the time required to design new collections and sell-through existing stock, it absorbed the impact of lower sales and markdown costs. As for the international business, it transitioned its two largest international operations during the period moving to a new franchise partner in Saudi Arabia and transitioning away from a franchise partner to an owned subsidiary in Italy. That meant sales were impacted in these markets and those now-complete transitions also saw 'significant' costs. The company also closed a small trial of five Accessorize airport stores in Germany. It said it was a hard decision but relatively weak German airport recovery post-Covid and wider economic headwinds damaged the profitability of the stores. As well as closures though, it also saw openings with the last year seeing it opening 13 new Accessorize stores and re-fitting another four. That means the majority of that brand's retail portfolio is now in its latest design and its new stores have performed well. And a smaller, jewellery-focused store in London is providing a template for smaller, higher-margin stores. It also opened a larger-format location in Harrogate with a full range of product, including clothing and gifting, providing another template. It opened several new Monsoon stores during the year too and its travel-focused format in Waterloo is providing it with a template for a higher-density store type within shopping centres and other travel locations (including two locations at Gatwick that it opened early this year).
