H&M to open three new stores in Spain next autumn

Swedish fast-fashion giant H&M has announced in a press release it will strengthen its presence in Spain by opening three new stores next autumn.

They will be located in the Torre Sevilla shopping mall in Seville, in the Torrecárdenas shopping mall in Almería and in the Finestrelles Shopping Center in Esplugues de Llobregat, near Barcelona.

In addition, H&M has started renovation work on the store located in the Nueva Condomina shopping mall in Murcia, which will help to provide a better shopping experience to all its customers.

H&M entered the Spanish market in 2000, and currently operates 174 shops in the country. Of these, 161 under the H&M brand, 10 under the COS brand and three with & Other Stories.

For H&M, Spain is the eighth most important market worldwide in terms of sales volume. Between December last year and May 2018, H&M recorded a revenue of SEK4.004 billion (€385 million) in Spain, equivalent to a 2.8% increase over the same period of the previous financial year.

In the second quarter, H&M’s sales in Spain reached a total of SEK2.023 billion (€195 million), a 0.5% increase over the previous year, though in local currency the revenue posted a 6% decline year-on-year.