It's official: H&M opens first Romanian store on March 25

Swedish retailer Hennes&Mauritz, with 14 billion euros in turnover, will begin operations on the Romanian fashion market on March 25. The 1.9 billion-euro market per year saw leading H&M rivals Zara and C&A report profit from the first full year in business.
With prices of 5 euros per T-shirt, 9 euros per dress and 19 euros per jacket, the Swedish giant will seek to make room for its business on a market where stores such as Lee Cooper, Cavaliere, Ipekyol, and Mandarina Duck went insolvent, while Zara, C&A and New Yorker continued expansion, at stake being a monthly budget of 7.5 euros per capita.
H&M will open its first store on the Romanian market on March 25 in AFI Palace Cotroceni, according to officials of the western Bucharest shopping centre, who did not, however, provide further details.
Taking up two floors, the store will be the first of five to open in late March – early April, according to market sources.
H&M representatives did not answer ZF’s request as to the opening dates of the first stores and their positioning, but said six stores would open in the spring of 2011.
So far the company has signed contracts for stores in AFI Palace Cotroceni, Băneasa Shopping City, Plaza România, București Mall, the two Unirea Shopping Centers in Bucharest and Brașov, Iulius Mall in Timișoara and Cluj, in the shopping area of the Palas project in Iași, in Arad’s Galleria Arad and in Constanța’s Maritimo.