Swedish retailer H&M has opened two new stores in Romania, one in the Lotus Center, Oradea, on November 24 and a second in Maritimo Shopping Center, Constanta, on November 25.

The company now has 11 stores in Romania- five in Bucharest and the other six spread across the country.

At the end of March 2011 the retailer opened its first unit in Romania, in the AFI Palace Cotroceni shopping center. Between March and August the Swedish company recorded sales of around EUR 21 million on the local market.

H&M is a Swedish retail clothing company founded in 1947 and is globally recognized for its fast-fashion collections for men, women, teenagers and children. It has over 2,300 stores in 41 countries and as of 2011 employed around 87,000 people.

Alex Camburu, alex.camburu@romania-insider.com

(photo source: H&M)