H&M would add 1.60 lakh square feet of retail space by the end of this year, totalling 6.50 lakh square feet within two years of starting its operation in India. Adding a total of 1,60,000 square feet of retail space,” H&M India country manager Janne Einola told PTI. H&M India clocked sales of approximately Rs435 crore from 1 December 2016 to 31 May 2017. “India will be a new H&M online market in 2018. However, the company did not share details about its online sales strategy, as how it would start operations in India.

Source: Mint July 02, 2017 12:56 UTC