H&M to Add 275 New Stores in 2012
January 27, 2012
Stockholm-based H&M Hennes & Mauritz AB (H&M) recently announced its expansion goals for 2012, with plans to add approximately 275 new stores. The fast-fashion retailer will open the most stores during the year in China, the United States and the United Kingdom. In addition, the retailer will enter Bulgaria, Latvia, Malaysia and Thailand for the first time. The company also plans to open in Mexico during fall 2012—marking its first-ever store in Latin America. This will make a total of 10 new H&M markets over a period of two years. H&M also will continue to expand its other brands, such as COS and Monki, with the opening of its first COS stores in Hong Kong, Italy, Finland and Kuwait. Currently, the company operates approximately 2,500 stores in 43 markets.
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