H&M TO EXPAND RAPIDLY, ALBEIT WITH DELAYS IN SOUTHERN EUROPE
October 1st, 2010
BY GERARD O'DWYER
Sweden's cheap'n'chic fashion group Hennes & Mauritz (H&M) plans to use its strengthened financial position to roll-out new stores. However, construction hold-ups in southern Europe, with retail space shortages, will reduce the number of planned new openings worldwide in 2010 by around 20 to 220 stores
"We have had to curtail our new opening targets. A lot of construction on shopping malls has been halted...[notably] in Spain, Greece and Portugal. Some developments will happen next year, and others in 2012 or 2013. Some have been ...
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