Tag: franchise consultant

  • Zara Owner Inditex Posts Record Profit

    Zara owner Inditex, the world’s biggest fashion retailer, promised shareholders a record dividend on Wednesday after posting its highest-ever profits last year despite a complicated global backdrop. The fashion giant, which has seen a strong performance on Spain’s stock market over the past year, posted net profits of 5.4 billion euros ($5.9 billion), up 30…

  • H&M Group plans to invest more in physical stores, including refurbishing 250 globally

    According to H&M Group’s Annual and Sustainability Report 2023, the fast-fashion company plans to open around 100 new stores and close around 160. While that is a net reduction of 60, the remaining stores will make a positive contribution to sales. So far, in 2024, a net 31 stores have closed its doors. In 2023,…

  • Zara to return to Ukraine after 2-year closure, FT reports

    Zara is preparing to reopen the stores in Ukraine that it swiftly shuttered two years ago after Russia’s invasion of the country. The Spanish fashion giant’s owner Inditex has told local landlords that it will begin reopening its shops in Ukraine in early April, adding that the retailer plans to reopen 50 of its 80-plus stores in…

  • H&M SWOT 2024 | SWOT Analysis of H&M

    Company: Hennes & Mauritz AB (H&M) CEO: Helena Helmersson Founder: Erling Persson Year founded: October 4, 1947 Headquarters: Stockholm, Sweden Employees (2022): 150,000 Ticker Symbol: HM-B Type: Public Annual Revenue (FY2022): 223.55 SEK Billion Profit | Net income (FY2022): 3.57 SEK Billion  Products & Services: Clothing | Accessories | Footwear | Cosmetics | Underwear | Sportswear | Home Textiles | Apparels | Underwear Competitors: Macy’s | Zara | UNIQLO | Gap | Boohoo | PVH | Abercrombie & Fitch |…

  • H&M Business Model – How H&M Makes Money?

    When it comes to the world of fashion, H&M is a name you can’t ignore. The H&M business model is one of a kind, focusing on what’s fresh and trendy without breaking the bank. Founded in 1947 in Västerås, Sweden, by Erling Persson, H&M has become a staple in the closets of fashion-conscious folks all around the…

  • Tealive plans expansion, eyes on 3 countries this year

    Tealive Founder and CEO Bryan Loo said the brand’s strategy is to strengthen its market presence with a strong focus on regional growth. “Tealive is very focused on regional expansion. We are expanding to three new countries this year for Tealive and we will be ready to announce by next month. So for Tealive it’s…

  • Domino’s Pizza charts new direction with five-year plan

    Globally, Domino’s currently has annual sales of $18 billion and over 20,000 stores with 99% being franchised. Operating income was $768 million in the fiscal year ended Jan. 1, 2023. MORE is an acronym for “most delicious food,” “operational excellence,” “renowned value” and “enhanced by best-in-class franchisees.” “We have the most delicious food in the…

  • Malaysia’s 1st Tealive Tapioca Pearl Plant

    LOOB Holding Sdn Bhd has opened Malaysia’s first-ever Tealive Tapioca Pearl Plant in Klang. This is a new initiative to get its brand, Tealive, into a fully self-sufficient tapioca pearl production by next month. The factory was commissioned by Loob to produce tapioca pearls domestically in Malaysia. The plant, costing approximately RM10 million, aims to boost…

  • Marriott eyes 20 new hotels, resorts in Vietnam

    International Marriott wants to open 20 more hotels and resorts in Vietnam to further tap the country’s great tourism potential, said its chairman and CEO Anthony Capuano. The potential is due to its geographical location and unique culture, which makes many tourists want to return to the country, Anthony Capuano said at a meeting with…

  • Insomnia Cookies Expands into Canada 

    Insomnia Cookies, a brand known for delivering warm cookies to satisfy late-night cravings, particularly for the university community, is officially opening its first store in Canada September 9 at York University in Toronto. Insomnia Cookies was conceptualized in 2003 at the University of Pennsylvania when founder, Seth Berkowitz, set out to fill the void in late-night…