Stockholm - Swedish cheap'n'chic fashion giant
H&M is set to open its first store in South Africa in 2015.
The company announced on Thursday that the SA store its going to be its
foray into sub-Saharan Africa while many more stores will follow soon, H&M spokeswoman Camilla Emilsson-Falk said.
H&M have signed a contract for a
store in Johannesburg, but it's also looking into opening in Cape Town
and could not say which store would open first.
The company said it saw great potential in the South African market but refused to disclose any details.
“We see great potential for further expansion
in this region. We look forward to bringing fashion and quality at the
best price to the customers in South Africa,” H&M's chief executive
Karl-Johan Persson said in a statement.
The first store to be opens will be a full concept flagship store. Other H&M's stores on the African continent are in Egypt and Morocco.
The company said it had opened some 100 new
stores in the second quarter, bringing its total number of outlets
world-wide to 2908.
H&M SET TO OPEN FLAGSHIP STORES IN SOUTH AFRICA
Reviewed by Bash
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Reviewed by Bash
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