H&M India plans largest store yet
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H&M India says it will soon open its first flagship store in the country – its largest yet.
The new shop is under construction at the DLF Mall of India, the company said in a statement. It will comprise 37,000 sqft (3440 sqm) spanning four floors in the mall, and is expected to open in Spring.
This year, the Swedish retailer also plans to open stores in Bengaluru, Gurgaon and Mumbai.
H&M opened its first store in India on October 2 last year in New Delhi’s Select Citywalk mall.
“After successful store launches last year, we continue the trend by expanding to some of the most exciting retail destinations across the country with H&M’s business concept of fashion and quality at the best price in a sustainable way.” said Janne Einola, country manager, H&M India.
The company says it plans to open 50 stores in India after gaining Foreign Investment Promotion Board approval to open mono brand stores in december 2013.
Questions & Answers
Q.Where will H&M's largest store in India be located and what size will it be?
Where will H&M's largest store in India be located and what size will it be?
The new flagship store is under construction at the DLF Mall of India. It will span four floors and comprise 37,000 square feet (3440 square metres), making it the retailer's largest store yet in the country.
Q.When is the new flagship H&M store expected to open?
When is the new flagship H&M store expected to open?
The new flagship store, located in the DLF Mall of India, is expected to open in Spring. The company has not provided a more specific date beyond this seasonal estimate for its launch.
Q.What other expansion plans does H&M have for India this year?
What other expansion plans does H&M have for India this year?
Besides the flagship store, H&M plans to open additional stores in Bengaluru, Gurgaon, and Mumbai this year. The company aims to expand to various retail destinations across the country.
Q.How many stores does H&M ultimately plan to open in India?
How many stores does H&M ultimately plan to open in India?
The company has plans to open 50 stores in India. This expansion strategy follows the Foreign Investment Promotion Board's approval for H&M to open mono-brand stores, granted in December 2013.
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