i think thats a solid bingo observation supported by excellent data points…
India is growing in aspirations and businesses need to match up than just play on value…
zudio is although low in price points (as compared to westside) but equally high on fashion quotient and trends…
as you rightly pointed amd proved with data points as well, dmart lost this value fashion bus… at least as of now…as they seem to stuck to too much value sans increase in fashion quotient…
But the management has been slow and steady and although stick to their original principals but willing to change for better… like how slowly & steadily they adopted and building ecommerce with a unique business model of dmart ready
i happened to visit one dmart ready today…it was one of my first visits to any dmart/dmart ready since many years as i avoid the huge rush
was happy to find it less crowded but a decent sized store having many non grocery items i could scan and purchase with ease…in meantime few people were dropping in for their online grocery orders and some of them picking up few items from decently kept store…
overall this value fashion vs aspiration & trends is something we need to keep close watch … losing this bus for longer time may not be a good proposition…
having said that i trust the management eye for it, future plans for it and ability to change stance if needed… need to watch and learn from them …what they do and when…
disc: invested in trent, dmart hence critical and biased. not a buy/sell recommendation.
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