H&M Ventures into Premium Territory to Compete with Zara

Fast fashion retailer H&M is expanding into premium territory in an effort to compete with rival retailer Zara. Historically, Zara has been seen by consumers as a more premium brand able to charge higher prices. To advance its premium venture, H&M is partnering with world-famous fashion designers and is pushing its own design expertise during events like Paris Fashion Week. Ashma Kunde, Apparel Industry Analyst at Euromonitor, states that this is a necessary move for the H&M, but the company should strive not to alienate its core, price-conscious consumers.Lots of brands claim to be number one… but can they prove it?At Euromonitor International, we help brands build trust through evidence-based research. Our claim validation service ensures your marketing messages are backed by real data. Stand out in a crowded market. Visit euromonitor.com/claims to learn more.