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.
A frictionless omnichannel experience which is predictive, value-focused, and highly personalised isFebruary 16, 2023 | By RetailME Bureau
J Lindeberg was started by Johan Lindeberg in 1990s with the aimSeptember 2, 2022 | By RetailME Bureau
At a time when 1/3 of the world’s food is wasted, a
Global heavyweights from around the world are confirming their participation at InFlavour,
Coffee Planet has unveiled a new brand identity to reinforce its position
The expansion of the organic food and grocery market in the UAE
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
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
Flormar was born in the fashion capital of the world, Milan and
Being Human Clothing was founded in 2012 to further the objective of
Owned and operated by Al Ghurair Properties, GLITCH is ready to take
The Sari Sari stores in the Middle East will showcase top brands