MOVE aside, Zara. Swedish clothing brand H&M has just launched a Spanish retail site to rival the brand.
Not only does the fashion giant stand to give Zara a run for its money on clothing, but the site features a home decor – H&M Home – which will challenge the similar Zara site, Zara Home.
But H&M has even broader horizontes than España: by the end of 2015, the company plans to open sites in eight to 10 markets globally, including Italy and China, where Zara already has opened online retail.
H&M’s competitive prices have contributed to its increased popularity, especially in Spain, where unemployment limits consumers’ spending power.