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Fashion

In its Q1 period, Inditex´s net profit rose 11% to 1.3 billion euros, in line with analysts’ average forecast, and despite a slight slowdown in sales.

Primark is opening its first store in the Hungarian capital, Budapest, thus securing its 17th market, and marking a significant milestone in the retailer’s ambitious expansion plans across the CEE region. The first Primark store will be located in one of the city’s largest shopping centers, Arena Mall, and is to open on May 28, 2024.

The European luxury markets remain resilient, bolstered not only by high-wealth luxury shoppers but also the return of high-spending tourists to Europe, reveals the 2024 European Luxury Retail Report by Cushman & Wakefield.

ACROSS´s recent visit to H&M´s headquarters in Stockholm provided a glimpse into the chain´s current plans in the area of market expansion, and its diverse brand image. “Leading destination for style” is the main idea behind H&M, and, by diversifying their offer in homeware, and with their brands aimed at different customer groups, including a business idea of subscription-based shopping experience, they are certainly on the right track.