Retail news round-up: H&M to launch new clothing and homeware range; and SuperValu ranks first in Ireland.
H&M set to launch new clothing and homeware brand
H&M has unveiled plans to launch a new clothing and homeware brand, The Daily Mail reported.
The new brand, Arket, will be launched in August and will include T-shirt, cashmere jumpers and tailored white shirts and trouser suits, as well as homewares and childrenswear, along with external brands such as Adidas, Nike and Reebok.
Prices range from £5 to £300.
SuperValu is Ireland’s biggest supermarket
SuperValu is Ireland’s biggest supermarket, with a 22.5% market share, followed by Tesco at 22% and Dunnes at 21.9%, according to Kantar Worldpanel data, The Irish Independent reported.
The value of the grocery market has increased 2.2% in the past quarter compared with last year, making the sector worth €2.37bn (£2.07bn) over the 12 weeks.
Lidl has 11.4% of the grocery market, while Aldi has an 11.2% share.