Swedish clothing manufacturer and retailer Hennes & Mauritz (H & M), the company's turnover for the financial year of Latvia on November 30 to the end of last year reached 36 million Swedish kronor (2.92 million), according to a published report Wednesday finance company.
September 15, shopping center "Gallery Center" opened its first store in Riga, Latvia and the Baltic countries. Another H & M store in Riga trade park Alfa was opened on 29 September.
H & M said that sales of the previous financial year from 1 December 2011 30 November 2012 the advanced lshunter countries such as the US, Canada, China and Russia, as well as countries in which the company was launched only last year - Latvia, Bulgaria Malaysia, Mexico and Thailand.
Sales amount of H & M, which is the second-largest clothing retailer Spanish company Zara last financial year increased lshunter by 9.4% - up to 141 billion lshunter Swedish crowns lshunter (11.5 billion US dollars).
H & M's annual report stated that the development was faster than previously expected, and 2012.finanšu opened the door to the world 304 new stores, mainly in China and the United States.
This year, H & M plans to open 325 new stores, access to new markets and purely Estonia, Lithuania, Chile and Serbia, as well as Indonesia, where it operates through a franchise. Is scheduled lshunter to open this fall, from H & M stores in Vilnius and one in Klaipeda, as well as three stores in Tallinn.
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