Question

Please write a two paragraph analysis of what this article talks about and give your own opinion about it. May it please be in your own words thank you.

http://wap.business-standard.com/article/companies/h-m-plans-to-hire-800-in-2018-expand-retail-presence-118031800167_1.html

Answer 1

STATED IN THIS ARTICLE-

H&M India Country Manager Janne Einola said, "We have 3,500 people working for the retail company and we would hire 800 more this year. Last year we have opened 17 store and I would continue the same pace this year. It would also depend on the availability of real estate at the locations where we want to go. If I am looking at our journey, it would be tier I & tier II - 50:50 - stores. We would grow in both sides, we see lot of potentials in both. We have become profitable in the first year of operations. The way figures are coming, we would put a new bench mark for the profit. 5-6 per cent is nothing. For the global, we are saying that we would grow 15 per cent and off course India would grow more because its a growing market and we have just started here... A lot of expansion is coming from new stores. We think that it should not be for 5 years. It should be always open for global sourcing. This should be simple and more fair".

Hennes and Mauritz's (H&M), the world's second-biggest clothing major, accomplished a development in deals to 95.5% for the year finished November 2017.This development was impelled by fast extension of stores – from 10 to 27 amid the year – and solid volume development. In its two years of tasks, H&M has outperformed a few brands by deals, including Levi Strauss and Benetton, which have been in the nation for two decades now, and Marks and Spencer, which began 10 years prior. However, Spanish chain Zara, which presented it's first fragment in India in 2010, is as yet the greatest universal attire mark in the nation.

Prior, the organization (H&M) had said it would open 50 stores in India with a speculation of Rs 700 crore by 2020. So with such an incredible Growth, the organization chose to enter the Indian online market and notwithstanding offering Opening Discounts, to intending to track the clients from the spots where it doesn't have any physical nearness. The explanation behind such a Growth is, to the point that the retailer extended stores forcefully and kept costs lower than rivals. And they are also following the promotion techniques of Zara- Special prices & Shop Online carry bags as Zara introduced it's online market in India in October, 2017.

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