H&M Plans To Launch 350 New Stores

< p > because of the rapid growth in sales in the Asian market, the profits of fashion giant Hennes & Mauritz (H&M) have been growing strongly.

H&M disclosed that the net profit in the third quarter reached 4 billion 400 million kronor (contract $690 million), an increase of 22% over the same period last year.

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Sales growth of < p > a href= "//www.sjfzxm.com/news/index_c.asp" > H&M < /a > is particularly strong in Japan and China, while sales in Europe are also growing.

In August this year, H&M launched an online shopping store in the United States and got a "very good start".

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< p > in the third quarter of this year, H&M opened 22 new stores in China, and its sales in China increased by 37% over the same period last year.

Japan is a small but fast-growing market where sales of H&M have increased by 46% over the same period last year.

Germany is the largest market of H&M, with a sales growth rate of 8%. France is the third largest market with a growth rate of 13%.

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P H&M CEO Karl-Johan Persson said: "our summer wear is very popular. Our sales volume has shown strong growth in the current quarter, especially in the Asian market, and in the European market.

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< p > H&M plans to open 350 new stores in 2013, most of which will be opened in the US and China.

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With the price of tens of dollars, you can buy the < a href= "//www.sjfzxm.com/news/index_c.asp" > dress > /a > with the price of tens of dollars, which is the temptation brought by the international fashion brand H&M P.

H&M practices the values and principles of "first class design, second rate quality, three price".

Consumers can buy all kinds of fashionable clothing and high-end atmosphere clothing at H&M. The style is almost the same as that of Armani and other international brands, which cost less than half or even 1/10 of the price.

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< p > cheap strategy is the key to H&M's success. Although cheap, H&M is not inferior, and it can reduce product quality at will, at least it can maintain its declared "second class quality".

H&M clothes were updated very quickly. Within 3 weeks to 1 months, many new clothes were distributed to the discount area.

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< p > H&M was founded in 1947. It has gone through more than half a century of a href= "//www.sjfzxm.com/news/index_c.asp" > Swedish garment manufacturer < /a >, so far there is no factory of its own. It maintains cooperation with more than 700 independent suppliers in Europe and Asia.

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