I assumed H&Mโs lower price point would translate into healthier profits. H&M may lead in total sales, but itโs shelling out 4.5ร what Zara pays in royalties โ โน865 Cr vs Zaraโs โน190 Cr, eating into marginsโคต๏ธ (source - Entrackr) From what Iโve seen, Zara and H&M often occupy similar-sized stores in the same malls, so rentโs likely comparableโ Zara manages to extract far more value per square foot (โน132 Cr Avg rev per store v/s โน51.2 Cr, H&M. | pricing does tilt the numbers a bit) โญ๏ธFYIโ Trent did โน17,624 crore, up 39% (incl. Zudio + Westside), Revenue/store - โน16.8 Cr (no yearly growth).
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