The Swedish-held retailer continues to grow in Romania and its net revenue was 8.6% higher in 2017, reaching RON826.5 million.
H&M entered Romania in the spring of 2011 and has since opened more than 50 stores mainly in malls and shopping galleries.
While the financial results of H&M suggest growth in Romania, the number of employees fell for the first time since its first full year in business in the country, 2012. H&M has 1,122 employees in Romania, 104 fewer than in the previous year. (EUR1=RON4.6618)
(English version by Loredana Fratila-Cristescu)