The store, to be opened on May 3, will have an area of 1,605 square meters, the company announced.
In April, H&M opened a store in Atrium Center Arad and will continue its expansion in Palas Iasi, Promenada Braila and Iulius Mall Suceava. The retailer’s entered the Romanian market last year with a store in AFI Cotroceni. By the end of 2011, its local network had 11 stores.
H&M posted sales of SEK127 million (EUR14.3 million) in the fiscal quarter ended February 29. In 2011, its total sales amounted to SEK267 million (EUR30.2 million).
The first stage of the Electroputere Parc Craiova retail center, owned by Belgian company K&S Development, was completed at the end of last year and is located on the site of the former Electroputere business park.