Saturday, October 25, 2014   

H&M to open Shanghai flagship and China online store
(03-27 17:40)

Fashion retailer Hennes & Mauritz which has physical stores in Hong Kong, said today it will sell its apparel and accessories through an online store to customers in mainland China by the end of the year. It will also open a flagship store in Shanghai.
The company announced profits of 2.65 billion Swedish kronor (HK$3.17 billion), for the first quarter ended February, up from 2.46 billion kronor a year earlier.
Sales in the December-February quarter grew by 13 percent to 32.1 billion kronor.
The retailer opened 60 new stores, adding to a total 3,200.
Chief Executive Karl-Johan Persson, said in a statement, H&M plans to open “a total of 375 new stores net including many interesting store openings worldwide. We will open more H&M flagship stores than last year, for example in the General Post Office building in Melbourne, at Piazza del Duomo in Milan, on East Nanjing Road in Shanghai and on Weinstrasse in Munich, as well as a further two new flagship stores in Manhattan – on Fifth Avenue and Herald Square.’’—The Standard


   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.