One of India’s oldest conglomerates has found a new growth engine that’s bucking the consumer slump weighing down other retailers.
Tata Group’s Trent Ltd. — India’s fastest-growing apparel retailer — added 220 stores and 8,641 employees, a rise of 52% in the year ended March 31 compared to the previous period, its latest annual report shows. Local rivals, meanwhile, have slashed jobs, downsized or slowed the pace of adding new stores.