Europe's largest fashion retailer, Hennes & Mauritz, on Monday announced plans to move into the Japanese market, saying its first Tokyo store will likely open in 2008.
H&M said it has signed a contract to build a store in the Harajuku shopping district, and is looking for more store locations elsewhere in Tokyo.
"Japan is an exciting market for H&M with fashion-conscious consumers with great spending power," said H&M Chief Executive Rolf Eriksen. "With a population of 128 million of which almost 13 million in Tokyo, we see great opportunities for expansion in this part of the world."
H&M has about 1,300 stores in 24 countries, mainly in Europe and North America....Source: International Herald Tribune
H&M said it has signed a contract to build a store in the Harajuku shopping district, and is looking for more store locations elsewhere in Tokyo.
"Japan is an exciting market for H&M with fashion-conscious consumers with great spending power," said H&M Chief Executive Rolf Eriksen. "With a population of 128 million of which almost 13 million in Tokyo, we see great opportunities for expansion in this part of the world."
H&M has about 1,300 stores in 24 countries, mainly in Europe and North America....Source: International Herald Tribune
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