H&M plans NZ, Asia expansion

h&mH&M will be open its first store in New Zealand at Auckland’s Sylvia Park in late 2016.

The Swedish fast fashion retailer will join anchor tenants The Warehouse, Countdown, PAK’nSAVE and Hoyts Cinemas, along with an extensive range of mini-major and specialty tenancies, at Auckland’s largest shopping centre.

Developed and built by Kiwi Property in 2006 in the heart of Auckland, the 70,000sqm Sylvia Park is renowned for its exposure, accessibility and annual sales of more than $400 million.

The company is also planning a major push into the Asian market, steadily expanding its store network. H&M says it will open 70 stores in China in the year to November 30, taking its network up to just over 300.

In Hong Kong, the Swedish fashion brand plans to open its largest Asian store on October 30 at Fashion Walk in Causeway Bay.

H&M entered India and South Africa, opening maiden stores in New Delhi and in Cape Town this month.

In Australia, the brand has confirmed it will open the doors to its flagship store in Sydney’s Pitt St Mall on October 31. H&M entered the Australian market last year, and now has five stores at Melbourne’s GPO in Victoria; Macquarie Centre, North Ryde in NSW; Indooroopilly Shopping Centre and Westfield Garden City in Queensland; and Joondalup Shopping Centre in Western Australia.

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