This would be the second Zudio store in Noida but its first high-street flagship store in the NCR city
New Delhi: Tata Group-owned affordable fashion brand Zudio is opening its first flagship store in Noida, an important city of the National Capital Region (NCR), on Friday.
Spread over 12,000 sq. ft. spanning two floors, the store is located next to the tall Hanuman statue and mandir in Noida’s Sector 49.
On Thursday evening, the upcoming store was well-stocked and well-lit and some of the staff was busy giving finishing touches to the outlet.
This would be the second Zudio store in Noida but its first high-street flagship store in the NCR city. Trent Ltd, which owns the brand, already operates a shop in the Great India Place Mall in Sector 38A.
Zudio, which is turning out to be one of the biggest value fashion success stories of India, is expanding aggressively to tap into the goodwill and the buzz it has generated over the years.
The affordable fashion brand plans to open up to 200 stores in 2024-25, IndiaRetailing had reported in January. If that happens, Trent will take the total number of Zudio outlets to 650-700 by March 2025.
Tata aims to turn Zudio into a billion-dollar brand in the coming years by targeting a compounded annual growth rate (CAGR) of over 25% with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) margin of more than 10%, P Venkatesalu, CEO, Trent had said in an April blog post on Tata Business Excellence Group’s website.
Seven-year-old Zudio has played an important part in Trent’s business to more than doubling its standalone revenue from under Rs 3,500 crore pre-pandemic to Rs 8,000 crore in 2022-23, catapulting the retail arm’s market cap to more than $5 billion.
Trent is Tata’s retail venture that also operates the Westside department store chain and Landmark bookstores. In addition, the company has two joint ventures with Spain’s Inditex SA to run Zara and Massimo Dutti labels in India.
Zudio sells apparel for men, women and kids, beauty products and loungewear, priced attractively below Rs 1,000.