Swedish fashion retailer H&M will open its first store in India this year. Last year H&M had announced its plans to spend around 100 million euros on an initial 50 stores in India and finally received approval from the Indian government to invest in the country in December. The retailer hasn’t yet decided where the first store will be opened and is looking at several big cities and locations.
“We are very excited to open our first store in India. It is one of the most exciting countries in the world right now, with so much potential,” says H&M CEO Karl-Johan Persson.
H&M has almost tripled store numbers over the past decade to over 3,100 outlets in 53 countries, but it has lagged bigger rival Inditex in expanding into fast-growing emerging markets.last month H&M announced its plans to open 375 new stores worldwide in 2014, including 80-90 in China. It also plans to enter Australia and the Philippines this year.
The key to a successful omnichannel future
A frictionless omnichannel experience which is predictive, value-focused, and highly personalised is
February 16, 2023 | By RetailME Bureau
Scandinavian brand J Lindeberg capitalises on the rise of athleisure to expand in the UAE
J Lindeberg was started by Johan Lindeberg in 1990s with the aim
September 2, 2022 | By RetailME BureauMajid Al Futtaim Lifestyle brings premium menswear brand Psycho Bunny to the region
Chalhoub Group joins UN Global Compact Forward Faster initiative
/ 
Global heavyweights from around the world are confirming their participation at InFlavour,
Coffee Planet has unveiled a new brand identity to reinforce its position
Dubai-based consumer cooperative brand Union Coop has signed a memorandum of understanding
UAE-based diversified business GMG’s Everyday Goods – Retail division has announced the
Located in Al Aweer and spanning 66,000 square metres the recently opened
Abu Dhabi-based diversified F&B company Agthia Group has launched a $54 million
Grocery retail major Carrefour, owned and operated by Majid Al Futtaim in
UAE-based diversified business GMG has opened the first monop convenience store at
Carrefour, which is owned and operated by Majid Al Futtaim Retail in
UAE-based supermarket chain Al Maya SMKTS, part of Al Maya Group, continues
/ 
The gym wear category is dynamic and fast-evolving. Originally dominated by global
Majid Al Futtaim Lifestyle has brought North American premium menswear brand Psycho
OnlyEthikal was born to give consumers a taste of sustainable, slow-fashion products.
Cotton On, the renowned Australian brand retailed by Sharaf Retail in the
With the UAE’s retail market continuing on a strong growth trajectory, Nanán—an international
Brands For Less Group announces the forthcoming launch of its first Brands For
1930s ushered in the era of neighbourhood shopping malls or community shopping
Being Human Clothing was founded in 2012 to further the objective of
Owned and operated by Al Ghurair Properties, GLITCH is ready to take
Regional value fashion and homeware brand REDTAG’s special ‘Back-to-School’ collection has been
Previous Article
