The renowned H&M group are going to open around 400 more new stores in 2015. It is really great news for H&M that they have gotten the announcement of Swedish retail chain that full-year sales increased in local currencies by 14 percent to SEK 176.6 bn including VAT. The most of the new stores will take place in existing markets. Besides that it did add that Peru, Macau, South Africa and India will be new Market of H&M in this 2015.
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| H&M store |
Without this H&M also in process of opening new online market in this running year. Online market can be with Belgium, Czech Republic, Bulgaria, Poland, Hungary, Slovakia, Romania and Switzerland. H&M is in process of getting these counties in their e-commerce.
Chief Executive Karl Johan Persson has said, “In 2014 we opened a net addition of 379 new stores-which is more than one store a day. And in 2015 we will be opening even more stores; in total, we plan a net addition of around 400 new stores,”
H&M also is giving more emphasize to ensure more expansion in existing markets so that H&M can grow further more by using existing potential market’s opportunity.
Reported by-
Engr. Sheikh Nurja
Assistant Editor
Textile Tribune
Email: engineer.nurja@gmail.com
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