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samsonyuen
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There's an article today in the Post, but I don't have subscriber access Here's a newish article from last fortnight.
From: www.theglobeandmail.com/s...y/National
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H&M plans seven stores for Ontario and Quebec
SHIRLEY WON
Swedish clothing retailer Hennes & Mauritz AB plans to open seven more stores this year in Ontario and Quebec as part of its foray into the Canadian market, the company said yesterday. The fashionable, low-priced chain launched its first H&M store in this country in 2004, and now has 16 outlets. The new shops will be part of a 100-store global expansion slated for the second half of this year. H&M, which yesterday reported an 8-per-cent increase in second-quarter profit, is also launching a new store chain under a separate brand that will seller higher-priced women and men's clothing. It did not reveal the name of the new brand, but indicated the new chain will open about 10 stores in "selected markets" next year. "H&M's ambition is to offer the best price for comparable items also in this segment," the company said in a statement. H&M also plans to enter the Far East market in 2007 by opening shops in Shanghai and Hong Kong. HMB (Stockholm) rose 11 kronor to 269.5 kronor ($41.04).
From: www.theglobeandmail.com/s...y/National
____________________
H&M plans seven stores for Ontario and Quebec
SHIRLEY WON
Swedish clothing retailer Hennes & Mauritz AB plans to open seven more stores this year in Ontario and Quebec as part of its foray into the Canadian market, the company said yesterday. The fashionable, low-priced chain launched its first H&M store in this country in 2004, and now has 16 outlets. The new shops will be part of a 100-store global expansion slated for the second half of this year. H&M, which yesterday reported an 8-per-cent increase in second-quarter profit, is also launching a new store chain under a separate brand that will seller higher-priced women and men's clothing. It did not reveal the name of the new brand, but indicated the new chain will open about 10 stores in "selected markets" next year. "H&M's ambition is to offer the best price for comparable items also in this segment," the company said in a statement. H&M also plans to enter the Far East market in 2007 by opening shops in Shanghai and Hong Kong. HMB (Stockholm) rose 11 kronor to 269.5 kronor ($41.04).