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 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…
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 |…
American speciality retailer brand Victoria’s Secret has opened its first store at Inorbit Mall, Malad in Mumbai, a social media post by its parent franchise Apparel Group India said on Monday. “We are excited to present the opening of Victoria’s Secret Beauty store at Inorbit Mall Malad, Mumbai. This is the brand’s 1st beauty store…
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…
The clothing retail industry is growing at a very fast rate, especially in the United States, and it has proven to be an excellent business opportunity for entrepreneurs who are willing to start a clothing franchise business. Why Buy a Zara Franchise? Zara is one of the leading brands as far as retail clothing is…
In their endeavor to live longer and feel good, Americans try to have a healthy lifestyle and do sport. Moreover, modern pace of life makes sports clothing a casual style of dressing. The tendency leads to the popularity of sport related businesses including sports clothing franchise ones. The concept means having a retail business where…
H&M (Hennes & Mauritz) operates as a multinational clothing retail company based in Sweden. H&M is a fashion brand dedicated to liberating fashion for the many. It is committed to making fashion accessible to all through our business idea: fashion and quality at the best price in a sustainable way. H&M offers a broad range…
Al-Futtaim, one of the most diversified and progressive, privately held regional businesses and AS Watson Group, the world’s largest international health and beauty retailer, jointly announced today that they have reached an exclusive franchise agreement to launch the flagship health and beauty brand Watsons in the Gulf Cooperation Council (GCC). This is the first franchise…
QuickTrip (QT), a prominent convenience store chain known for its exceptional customer service, clean facilities, and fresh food offerings, presents an enticing prospect for aspiring entrepreneurs in the retail sector. With its strong brand reputation and commitment to excellence, becoming a QuickTrip franchisee offers a pathway to success in the competitive convenience store industry. At…