H&M

H&M, the world’s second-biggest fashion retailer, said on Tuesday that local-currency sales fell 10 per cent in its fourth quarter, with a pronounced slowdown in the final month as the second wave of coronavirus restrictions curbed spending. The Swedish giant...

Swedish apparel retailer H&M will continue to expand its physical stores in India although it is closing down 250 stores globally, betting on the long-term potential of the country, according to a senior company official. According to a PTI report:...

Swedish apparel retailer H&M on Wednesday launched its global loyalty program, H&M Member, in India expecting it to play a significant role in the company's growth considering the transformation in consumer behaviour in the wake of COVID-19 pandemic. According to...

Even as fashion retail businesses have remained shut and balance sheets have been stressed due to unprecedented challenges led by the outbreak of COVID-19, there has been a simultaneous demand for companies to accelerate their progress on sustainable initiatives...

Even as torrential rains lashed the city, the malls in Mumbai witnessed 15-20 percent footfall on Wednesday, on opening after a gap of over four months. The malls were mostly visited by individuals who were middle age and young,...

Spain's luxury fashion brand Zara posted 45.54 percent growth in its profit after tax to Rs 104.05 crore from the Indian market in 2020 fiscal, according to its Indian partner Trent Ltd's annual report. It had posted a profit...

Myntra concluded the 12th edition of its EORS, with 10 million+ items sold, towards the end of the four day event that began on June 19. Shoppers across the country placed about 4 million orders, across multiple categories, of...

When cities went under lockdowns, it was the nonessential items businesses which were forced to temporarily shutter shop, the worst hit by the pandemic. The supply chain too suffered with the closure of retail units. One of the worst...

The 12th edition of Myntra’s flagship EORS, opened to a thumping reception from shoppers, with the fashion behemoth selling over 15 lakh products during the first 12 hours. Consumers in tier II and III cities have exhibited positive sentiments and...

The removal of lockdown restrictions marks a step-by-step approach to restore normalcy and retail and restaurants are expected to benefit from it. According to a research by Motilal Oswal Securities, this is a good calibrated step towards resumption of the...