(Source: Retail in Asia)
Swedish international retailer H&M Hennes & Mauritz AB, known for its sustainable fashion apparel, shoes and accessories for men, women, teenagers and kids opened its first store in Bengaluru on 25 Friday.
The first H&M store opened in India in Delhi last October, followed by a second store in Delhi in December. The H&M Group has grown from a single women’s wear shop in Vasteras, Sweden to six independent brands and 3,900 stores in 61 markets around the world with sales of USD25 billion in 2015.
Janne Einola, Country Manager for H&M Hennes & Mauritz Retail, India, said the fashion giant will be opening stores in Noida, Mohali and Mumbai in 2016. The company is looking for stores above 25,000 sq ft and its expansion strategy is to always open at the best business location in a city or shopping centre.