H&M signs lease for eight new store location in India

Swedish fast-fashion brand, Hennes & Mauritz (H&M) has signed lease for eight new store locations in India, to open in the second half of 2017. This will take the total number of stores to 24 within 2 years of starting operations in India.

The company in a statement said, "With an accumulated space of more than 160000 sq. ft, these stores will be launched in new cities as well as cities with currently operational stores."

Some of these leases have been signed in new cities such as Coimbatore at Prozone Mall, in Indore at TI Next and in Amritsar at Mall of Amritsar.

H&M, which recently announced its intention of starting online operations in India will also add more stores in existing cities such as Mumbai where it will add three more - Le Palazzo, South Mumbai and Seawoods Grand Central Navi Mumbai, making a total of five store locations.

Delhi NCR will see the opening of its sixth location at Red Mall, Ghaziabad. It will add two new stores planned in Bengaluru at Vega Mall and Mantri Square, the city has two existing stores at VR Mall and 1MG Mall.

Janne Einola, Country Manager, H&M India, said, "H&M is especially excited to expand its reach in India, a growing market for us that poses tremendous potential both in tier I and tier II cities and now online."