"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...
Zara India Reports 70 Percent Rise in Profits
Driven by strong sales and lower price points, fashion retailer Zara's net profit went up more than 70 percent in India in 2017. Spain-based Inditex has two joint ventures with India's Tata Group’s retail arm Trent: one for Zara and the other for luxury label Massimo Dutti. The joint venture...
Japan's Uniqlo to Debut in India
Based in Japan, Fast Retailing Co., Asia's largest clothing chain that owns the Uniqlo brand applied for approval to open stores in India. The brand’s international store count surpassed the number of locations in Japan two years ago. In India it will compete with Spanish clothing retailer Zara, Swedish clothing-retail...