Retail News Newsletter Columns Retail Jobs Dictionary Directory Calendar Policies Retail Edge Footprint

Home PageContact Us

H&M to open first Indian store on Oct 2nd
Posted On: 10-09-2015 00:00:00 15

Swedish fashion chain Hennes & Mauritz (H&M) will open its first India flagship store at Select City Walk New Delhi on October 2. This will be the 60th market for the group. H&M will share Mall Space with its arch rival, the European fashion brand Zara. The store itself will be spread across about 25,000 sq ft across two floors. A second store in Delhi is expected to open by the end of 2015 at the Ambience Mall in Vasant Kunj.

The group is expected to open as many as 30 stores in India next year. With $22 billion in global sales, the firm had at the time of applying for permission to enter India, proposed to invest Rs 750 crore in India. It had said it planned to open 50 outlets across India through the next few years. Zara, in a joint venture with Tata Groupís Trent, has 16 stores across the country.

According to H&Mís latest quarterly report, the company plans to open as many as 400 stores across the world this year. Besides India, the groupís expansion thrust is on the US and China.

 
 
 

SocialTwist Tell-a-Friend

 

Want more stories delivered to your inbox?
Please sign up here for our free newsletter.

 
retail india Related News retail industry india
retail news videos on retail industries
Massimo Dutti to open its first India store in Delhi next week
Retail Snippets: Fire at Jabong, H&M at Mohali Mall
Aeropostale using flash mobs for Indian debut
H&M's seeks clarification on sourcing clause
Massimo Dutti gest FIPB approval to enter India
retail stores
retail policies
retail suppliers retail classes retail news
retail policies retail news retail india
retail training Current Newsletter retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training (FY 2015 - 16) 3rd Quarter Results retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training Search News retail industry
retail suppliers retail industry growth retail slowdown
latest retail news in your mail

retail industry



 
retail news
About Retail Angle   |  The Team  |  User Agreement   |  Privacy Policy  |  Advertise with Us  |  Feedback  |  Site Map  |  Contact us 
retail industry

indian retail