"We are looking at the home segment and it will be decoration products and not furniture," said Swedish subsidiary H&M India's CEO Janne Einola. "There are not many players in that category and the product range doesn’t change for years. The H&M Home brand, will compete with Ikea as well...
India's Government Relaxes Labeling Norms for Retailers
Single-brand retailers such as Ikea, Fabindia, Decathlon, H&M, Marks and Spencer, will now be exempt from marking the maximum retail price on their products. India's consumer affairs ministry has relaxed labeling norms for the next one year and has laid down conditions for an alternative method of displaying prices. A...
India’s Middle Class Draws Western Fashion Brands
In an email interview with Indo-Asian News Service, London-based designer Fabian Lintott said, “The international brands are attracted by the size and growth of the Indian fashion market. They want to come into India and build their brand presence so that they can woo India's middle class into buying their...
H&M to Open its First Flagship Store in India
Swedish fashion retailer Hennes & Mauritz (H&M) said in a statement that it will open its first store in India this fall. The 25,000 square feet store will be located in the Select Citywalk mall in south Delhi's Saket area. "This Fall, fashion will have a brand new address in...