H&M Accelerates Expansion Plans

  Stockholm-based H&M Hennes & Mauritz AB (H&M) recently announced plans to accelerate its store openings for the 2010-2011 fiscal year to 265 new stores from a previous target of 250 units, according to The Financial Times. China, the United States, United Kingdom and Germany will be the fast-fashion retailer’s largest expansion markets for 2011. H&M recently opened its first store in Singapore, and new stores or franchises are slated for Morocco, Jordan, Bulgaria, Indonesia and Thailand.