That’s hardly surprising considering that the second covid wave is expected to stall its recovery. This comes at a time when Trent’s recovery was progressing consistently every quarter after business operations were hit in 2020 owing to the lockdown. Further, Westside revenues were broadly at last year’s levels (96% of the corresponding quarter on a like-for-like basis). Westside is Trent’s flagship chain of stores and accounts for a big chunk of its overall revenues. An additional 19 Westside and 15 Zudio stores will open after curbs are eased or approvals are in place.

Source: Mint May 06, 2021 18:01 UTC