SERBIA: H&M opens first store in capital Belgrade
By Katie Smith | 10 January 2013
Swedish fashion retailer Hennes & Mauritz (H&M) is to open its first store in Serbia this autumn.
The store will be in Belgrade, the country's capital, H&M said in a statement yesterday (9 January).
"We look very much forward to opening the first H&M store in Belgrade. We are excited to be able to offer fashion and quality at the best price to our customers in Serbia from autumn 2013," said CEO Karl-Johan Persson.
The company said it also plans to open stores in Chile, Estonia, Lithuania and via a franchise in Indonesia this year.
Show the press release
H & M Hennes & Mauritz AB: H&M Opens First Store in Serbia
H & M Hennes & Mauritz AB (STO:HMB):
The first store in Serbia, in the capital Belgrade, is planned to open during autumn 2013. Other new markets for H&M during 2013 are Chile, Estonia, Lithuania and via franchise in Indonesia.
– We look very much forward to opening the first H&M store in Belgrade. We are excited to be able to offer fashion and quality at the best price to our customers in Serbia from autumn 2013, says Karl-Johan Persson, CEO at H&M.
The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden's Securities Market Act. It was released for publication at 08:00(CET) on 10/01/2013.
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the group includes the brands COS, Monki, Weekday and Cheap Monday as well as H&M Home. The H&M Group has approximately 2,700 stores in 48 markets, including franchise markets. In 2011, sales including VAT were SEK 128,810 million and the number of employees is more than 94,000. For further information, visit www.hm.com.
Original source: http://www.businesswire.com/news/home/20130109006624/en/Hennes-Mauritz-AB-HM-Opens-Store-Serbia
Online Retailers in Emerging Europe to 2015: Market Guide
ICD Research’s, Online Retailers in Emerging Europe to 2015: Market Guide provides in-depth detail on the trends and drivers of the Online Retailers market in the Emerging European countries. The report includes quantitative information (historic and...
The Future of Retailing in Germany
This report is the result of World Market intelligence's (WMI) extensive market, company and deals research covering Germany’s retail market. It provides detailed segmentation of historic and forecast retail sales, segmented to...