Headlines

H&M Announces Plans for Business Expansion

Releases Q2 revenue, profit growth

Published

9 years ago

July 1, 2015

H&M (Stockholm) announced results from the company’s second-quarter sales, including a revenue increase of 21 percent and a net profit increase of 11 percent from the previous year.

According to The New York Times, these numbers come as the company has been making changes to grow its business, including plans to add 400 H&M stores worldwide by the end of the year. So far, the company has already opened eight new online markets this year, as well as its first store in Lima, Peru, and one of the company’s largest U.S. stores, which is located in New York's Times Square.

Plans are also in the works to introduce into H&M stores a new line of beauty products, which will include makeup, body and hair-care items.

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