×
203
Fashion Jobs
FORTUNE HR SOLUTIONS
Merchandising Manager
Permanent · Chennai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
Published
Dec 27, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

H&M India sales slip 11% but retains position as country's number one fast fashion brand

Published
Dec 27, 2021

H&M saw its sales in India drop by 11% in the 2021 financial year but, thanks to low garment pricing and brick-and-mortar expansion, it retained its spot as the top fast fashion brand in the country. 

H&M's decline in sales in FY21 reflected wider industry trends - H&M


H&M’s sales in India totalled Rs 1,402 crore ($210.7 million) in the 2021 financial year, the business reported in its latest filing, accessed by ET Bureau. The business’ sales in the 2020 financial year, which was primarily before the pandemic, had totalled Rs 1,582 crore. 
 
“The company has evaluated the impact of Covid-19 resulting specifically on account of the company's inability to open its retail stores due to various government regulations and therefore reduction in demand of its goods,” wrote H&M in a filing at the Registrar of Companies, ET Bureau reported. 

The business’ drop in sales reflected trends in the wider industry with its competitors including Tata’s Trent which runs Zara stores in India, Shoppers Stop, and Marks and Spencers also reporting a decline in sales in the same time period. H&M had overtaken Spanish fast fashion brand Zara in the 2020 financial year as India’s top brand in the sector aided by its swift brick-and-mortar expansion. 
 
The 2021 financial year saw H&M’s online sales account for around 42% of its total sales due to shoppers going online during lockdowns. Online revenue for the business totalled Rs 579 crore during the fiscal year. 

Copyright © 2022 FashionNetwork.com All rights reserved.