- Prachi Singh |
The H&M group’s sales including VAT increased by 11 percent in local currencies in September 2015 compared to the same month last year. The company operated 3,733 stores on September 30, 2015 compared to 3,338 on September 30, 2014.
The group has expansion plans in store with approximately 400 new stores planned to open in 2015. India and South Africa will be new H&M markets this month. Eight new H&M online markets have opened so far in 2015, all of which have had a very good reception. Switzerland and Russia will become new online markets during autumn 2015.
In the 2015/2016 financial year, H&M plans to offer e-commerce in a further nine existing H&M markets and also to open stores in three new markets: New Zealand, Cyprus and Puerto Rico.