Shares in Trent, the Tata Group-owned retailer, rose nearly 11% on Tuesday after a report said the company’s strong sales growth and rapid store expansion lifted confidence in its outlook.
The Business of Fashion reported that the share move followed the success of a fast physical expansion programme, which has helped support expectations around Trent’s growth trajectory.
The report did not give further financial details in the item cited, but it linked the stock rally to the retailer’s aggressive expansion of its store base and the sales momentum associated with that strategy.
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