H&M in Cyprus in 2016

H&M group plans to open stores in Cyprus during 2016 according to the interim report of the company for 2014/2015.

Based on the relevant announcement which is posted on the company’s website “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”.

H&M CEO Karl-Johan Persson in his comments noted that “in 2016 we plan to offer e-commerce in a further nine existing H&M markets. These countries will be Ireland, Japan, Greece, Croatia, Slovenia, Estonia, Latvia, Lithuania and Luxembourg”.

“In parallel with our rapid online expansion we are also opening stores at a fast pace” he stressed noting that “in the fourth quarter we will open approximately 240 new stores net – which is almost three new stores per day. India and South Africa will become two new and exciting H&M countries this autumn, when we open our first store in New Delhi next week and in Cape Town later on in October”.

“Next year, we plan to open stores in three new markets: New Zealand, Cyprus and Puerto Rico” he added.