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US label Gap finally looks to cut prices by 10-15% in India

European apparel chains Zara and Hennes and Mauritz (H&M) appear to be winning against their trans-Atlantic rival Gap Inc less than two years after the US Fashion Label began operations in India. The San Francisco-based Gap, which owns iconic global brands such as Old Navy and Banana Republic, is yet to stitch together a winning formula in the price-sensitive South Asian nation, where affordable fast-fashion is rapidly expanding in kilter with increasing disposable…
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Apparel and Textile News

H&M Turns Profitable Its First Year in India

Global fashion company Hennes & Mauritz (H&M) turned profitable in its first year of operations in India and clocked significantly higher sales than largest rival Zara in its first year in the country. H&M’s Indian unit posted Rs 194 crore in sales during year-to-March 2016, with a net profit of Rs crore. With just four operational stores last fiscal — the first one opened in October followed by another in…
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Apparel and Textile News

H&M Opens its Third store in Mumbai

After Phoenix Market City and High Street Phoenix, the Swedish fashion retailer, H&M has opened one more store at Inorbit Mall, Malad in Mumbai. Fashion lovers can now shop across two floors of fashion inspiration, popular trends and timeless classics for women, men, teenagers and children. The 30,000 space will have dedicated sections like denim, lingerie, accessories, along with H&M Sport, H&M and H&M Mama. The company came to India…
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Apparel and Textile News

H&M To Open New Store In Delhi

Fast-fashion retailer Hennes & Mauritz ( H&M ) is all set to launch its store in Delhi's Connaught Place area on August 26, the company said in a statement. "The city centre and iconic buildings of Connaught Place will serve as an exciting environment for customers to explore it's offering of fashion and quality at the best price in a sustainable way", elaborated Janne Einola, Country Manager, H&M India. Spread…
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Apparel and Textile News

Global Brands Boom Although Indian Sector Suffers

Taking advantage of India’s textile sector reeling under the burden of mill closures and sagging exports, top global brands like Zara, Mango, Vero Moda, H&M and Marks & Spencer vie for a share of the Indian market. Ever since the government allowed Foreign Direct Investment ( FDI ) in single brand retail outlets, first at 51 per cent in 2006 and later 100 per cent in 2012, top global fashion…
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Apparel and Textile News

H&M Opens Its First Store In Mumbai

Sweden-based Hennes and Mauritz ( H&M ) will open its first 31,000 sq. ft. store at High Street Phoenix Mall, Mumbai with its womenswear, menswear and childrenwear categories. The store houses fashion across two levels and can be easily recognised by its art facade. H&M's business idea is to offer fashion and quality at the best price in a sustainable way. Besides H&M, the group includes the brands and Other…
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