Swedish fashion brand H&M has noted revenue of Rs. 446 crore in 2016 fiscal from its 12 functional stores in the Indian market.
The global apparel retailer,as of now,has three outlets in Mumbai, four in New Delhi, three in Pune, and one in Mohali, Chandigrah. It had opened a store in Chennailast year which has also witnessed success, especially in women’s category. Following the suit, the brand is planning to open new store in Hyderabad toothis summer.
Also Read – H&M marks a remarkable maiden year in India
With over 4,000 stores in more than 63 countries worldwide, H&M is planning to have 425 new stores by November this year. The brand is planning to enter Colombia, Iceland and Kazakhstan markets in 2017.
It is pertinent to mention here that the fashion brand is the world’s second-biggest clothing retailer by sales after Zara.
