Sweden-Based H&M To Launch in Brazil
The Business of Fashion reports that fashion retailer H&M will launch stores and online trade in Brazil in 2025. H&M will partner with Dorben Group to support its expansion in the South American country, according to the report.
The size of Brazil’s retail market was BRL2,071 billion in 2021, according to GlobalData. Retail sales in the nation of 215 million rose 3.8 percent in January from December, and 2.6 percent year-on-year, according to The Brazilian Report. Brazil’s GDP per capita (current prices, PPP, international dollars per capita) is 18.69 thousand, according to the IMF.
Last Updated on July 23, 2023 by Ramin Seddiq