H&M
Retail
H&M Records 20 Percent Sales Increase in Second Quarter; to Focus on India this Autumn
Swedish apparel retailer Hennes & Mauritz has recorded a 20 percent sales increase for the second quarter ended May 31, 2014. The H&M Group’s sales including VAT increased in local currencies by 16 percent during the quarter from March...
Retail
Sears welcomes veteran retail specialist
Sears Canada Inc., the 196-store department store network fighting the GAP, H&M, Zara and many others for market share, has named veteran U.S. retail specialist Steven Goldsmith as executive vice-president of merchandising, apparel and accessories. "He has a broad...
Retail
H&M same-store sales sag amid weak European sentiment
Swedish budget fashion giant Hennes & Mauritz posted a 4 per cent drop in sales in local currencies at established stores in June, in line with market expectations amid weak European consumer sentiment. Analysts had expected a 4.3 per...
Retail
Global fashion brands eye pacts with retailers for entry into India
The coming months could see a slew of high-end global fashion brands entering the $4.6 billion (around R20,700 crore) Indian luxury market, through partnerships with domestic retailers like Reliance Brands, DLF Retail Brands and others. According to industry sources,...
Retail
Uniqlo focuses on digital, WOM
Fast Retailing, owner of fast-fashion chain Uniqlo, is aiming to use a unique philosophy, digital media and word of mouth to fuel growth around the world."People buy suits about once or twice a year, which represents low turnover, while...
Retail
H&M UK sales rise but group profits decline
Fashion retailer H&M’s UK operation was one of the company’s star performers in the first half of its financial year, but higher cotton prices and other inflationary pressures meant group profits declined year-on-year.
Sales in the UK between December 1st...
Retail
Inditex closes in on top spot
Inditex, owner of the Zara fashion chain, is on the brink of overtaking Sweden’s Hennes & Mauritz to become the world’s most valuable listed fashion retailer, highlighting the companies’ divergent performance over recent months.The Spanish retailer’s market capitalisation briefly...
Retail
DLF strikes licensing deal with Mango
Real estate giant DLF Ltd is ramping up presence in the fashion retail industry after striking a licensing deal with Spanish brand Mango. This comes at a time when DLF Brands, which is a subsidiary of DLF Ltd, has...
Beauty & Wellness
Clinique appointed new brand manager for Middle East and India
UK based beauty company, Estée Lauder Cos. Inc. has appointed Shahrzad (Shari) Jafari as Clinique brand manager for the Middle East and India.She was previously the regional sales manager for the brand and has been with Estée Lauder for...
Retail
World’s largest H&M store to open in Vegas
The largest H&M store in the world is scheduled to open on Saturday in The Forum Shops at Caesars in Las Vegas, USA.The Swedish clothing retailer will open its doors in the recently closed FAO Schwarz location at the...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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