H&M to open 3 new stores in India by June; Mumbai to get seventh outlet

The company had posted sales of 606 million Swedish krona (around Rs 4.90 billion) in 2016, it said in its full-year report

H&M showroom, lifestyle, showroom, fashion — File photo of H&M shop is seen in the Oslo City shopping center in Oslo, Norway. Photo: Reuters

Press Trust of India New Delhi

Last Updated : Mar 07 2018 | 4:10 PM IST

Don't want to miss the best from Business Standard?

Swedish fashion retailer Hennes & Mauritz (H&M) plans to open three new stores in India by end of June.

While Mysore and Ahmedabad will see the launch of first store, Mumbai will have its seventh, as per the expansion outlay of the company.

H&M had posted nearly two-fold increase in sales in India to 1,179 million Swedish krona (over Rs 9.55 billion) for financial year ended November 2017, thus making the country one of its fastest growing markets.

Swedish fashion retailer H&M India to make online foray later this year

H&M to close 170 stores as it posts biggest profit drop in six years

Swedish retailer H&M to launch online marketplace in India by 2018

H&M apologises, withdraws 'monkey' hoodie after black child ad outrage

Marks & Spencer descends the price ladder to fight the rush

The company had posted sales of 606 million Swedish krona (around Rs 4.90 billion) in 2016, it said in its full-year report.

H&M said it has plans to start online sales in India in 2018 along with other global markets, including Kuwait, the United Arab Emirates and Saudi Arabia.

The company operates 29 stores across Delhi NCR, Mumbai, Hyderabad, Chennai, Bangalore, Pune, Amritsar, Indore, Coimbatore, Kolkata, Mohali & Raipur.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Already subscribed? Log in

Subscribe to read the full story →

^*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

In-depth market analysis & insights with access to The Smart Investor

Ad-free Reading

Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

Access Business Standard across devices — mobile, tablet, or PC, via web or app