H&M Confirmed To Be In South Africa To Open Stores In 2015.

< p > H&M Hennes & Mauritz AB (HMb.ST) issued a statement today, officially confirming the signing of a contract for opening the first flagship store in South Africa, which is expected to open as early as 2015.

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"P," a href= "//www.sjfzxm.com/news/index_c.asp" > H&M < /a > Hennes Mauritz AB (HMb.ST) chief executive officer Karl-Johan HMb.ST said in a statement: "we are very excited to announce the establishment of a store in South Africa.

We believe that the region has great potential for further expansion. "

But he did not point out which city the first H&M store will be located in.

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< p > late July, South Africa quoted news that H&M group has signed a lease with the Mall of Africa of Johannesburg shopping mall, which is being built and is expected to open at the end of 2015, and will open H&M stores in the shopping mall.

In addition, the group also looks for stores in Cape Town tourism area Victoria & Alfred Waterfront for H&M.

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< p > for the news, H&M group spokesman only told Reuters that South Africa is one of the many markets that the Group intends to develop, without confirming or negating the authenticity of the message.

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< p > it is learnt that H&M group has always wanted to enter the most economically developed South African market, but it is very difficult to find enough large shops in the top shopping centers, so the plan has been delayed.

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In line with the group's plan to expand the retail network to Africa, the spokesman for H&M Hennes & Mauritz AB (HMb.ST) confirmed to reporters two weeks ago that the group has incorporated Ethiopia from East Africa into the supply chain network and tested orders from suppliers in Ethiopia. It is expected that mass production will start at the beginning of this autumn and the monthly purchase volume will reach 1 million units in P.

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< p > South Africa has become an increasingly attractive market for the international a href= "//www.sjfzxm.com/news/index_c.asp" fashion brand /a.

The 2012 AT Kearney global retail development index released by AT Kearney, the US consultancy, has regarded South Africa as a developed country rather than an emerging market. Last year, South Africa ranks among the 30 most advanced developing countries in the retail industry.

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P, the world's largest "a href=" //www.sjfzxm.com/news/index_c.asp "fashion" /a Inditex retailer SA (ITX.MC) has been stationed in South Africa in 2011, and has invested three stores in three key cities such as Johannesburg, Durban and Cape Town in the past two years.

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P and Arcadia Group's Topshop and Topman also opened flagship stores in Sandton City shopping center in Johannesburg last December.

Topshop South Africa store and local retail group Edcon cooperate with franchising.

Edcon operates chain corporation Edgars and House of Busby, the latter's brands include Guess, Nine West, Aldo and the Australian fast fashion brand Forever New.

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At the end of 2012, the P Edgars store reached an agreement with Mango, Spain's fast fashion brand. Mango will be stationed in 42 Edgars department stores in South Africa.

The Danish clothing retail group Bestseller, which owns Jack & Jones JACK&JONES, Vero Moda and Only, has also chosen to cooperate with Edgars department store.

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< p > Gap Inc. (NYSE:GPS) not only has many retail stores in Stuttafords department store, but also launched three independent stores in Johannesburg, Cape Town and the administrative capital Pretoria in 2011.

Bensimon, known as the French Gap, also opened an independent store in Cape Town and Johannesburg.

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