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Retail sector update

Posted By On 10:00 PM Under

1. Tesco which is a UK retail giant has entered into into an exclusive franchise agreement with Trent's Star Bazaar.Tesco is planning to invest a sum amounting to Rs 2000 crore and plans to take the number of stores to 50 stores with in a time span of five years. Tesco will be also supplying goods to star bazaar and this business will be initially based in Bombay.

2. Star Bazaar from Trent is presently operating 4 stores.

3. This activity in retail segment suggests that a lot of activity is going to occur in this sector as it holds a lot of promise and thus tough days lie ahead for Big Bazaar and Reliance retail.

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