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Zumiez meets Street with Q1 income, will open 57 stores
Lynnwood, Wash. – Zumiez Inc. met Wall Street expectations for profit in the first quarter of fiscal 2015.
Net income rose 12% to $2.8 million from $2.5 million the same period a year earlier, aided by slowing growth rates of cost of goods sold and selling, general and administrative (SG&A) expenses.
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H&M to enter India in fall 2015
Stockholm, Sweden – Sweden-based global specialty apparel retailer H&M is planning to open its first store in India in fall 2015. The 25,000-sq.-ft. store will be located in New Delhi.
H&M, which currently operates more than 3,600 stores in 58 global markets, may open as many as 50 new stores in India during the next few years.

