Hennes & Mauritz (H&M) has reported a 43% jump in sales touching nearly Rs 1,500 crore. H&M Group follows a December to November financial year. It runs other brands like COS, Monki, H&M 主页, among others.
该 global brand launched 8 stores in 印度 in 2019, lower than what it added in 2018 when it opened 12 new stores here. Globally, H&M competes with Inditex-owned Zara, which now has 47 stores in 印度.
H&M’s sales grew 29% in 2018, touching touch Rs 1,108.2 crore in the year ended 30 November 2018.
该 零售商 揭幕过气更廉价的产品，减少销售其在印度的延长期。
Janne Einola, Country Manager, H&M India, said, “We are delighted with the India results, within 5 years in the country and at almost 1500cr sales shows that the customers are very happy with H&M's business idea. Our stores continue to do strong sales, Online with hm and myntra has also shown good growth. We look forward to the 印度n design collaboration with Sabyasachi launching soon and becoming increasingly relevant to the 印度人 audience.”
Karl-Johan Persson, CEO, Hennes & Mauritz AB, stated, “In all, the group’s net sales increased by 11% in the 2019 financial year. In local currencies, net sales increased by 6%. Sales growth was good in many markets in the fourth quarter. In 印度, sales increased by 33% in local currency.”
H&M said, “Most of the store openings will be in South America, Russia, Eastern Europe and Asia (excluding China), while the closures will take place mainly in Europe, the US and China.”