H&M continues on paper expansion outside Bucharest to Iasi, Timisoara and Cluj shopping centers

Swedish retailer H&M will open stores in Palas Shopping center in Iasi, as well as in Iulius Mall shopping centers in Timisoara and Cluj Napoca, according to Iulius Group, the owner of the three shopping centers. Palas shopping center is still under construction in Iasi and should be finalized in fall next year. The developer is yet to announce when the H&M stores in Iulius Mall shopping centers will be opened. This is the second news of the day mentioning H&M's expansion outside the capital city, after the announcement the retailer will open a store in Constanta, in Maritimo Shopping Center – the former Polus Constanta, owned by Immofinanz. So far, H&M announced stores in AFI Palace Cotroceni and Baneasa Shopping City, both due to open in spring next year. IT has become one of the most eagerly awaited retailers in Romania. editor@romania-insider.com