Advertisement

H&M plans outlets in other major malls

Swedish retail giant H&M, after the successful opening of its initial outlet in the Philippines on Oct. 17, 2014, is now aggressively plotting expansion plans in the country by initiating talks with all local major shopping mall operators.

A source said Megaworld Corp., which owns malls in Binondo, Libis and Fort Bonifacio, as well as Century Properties Group Inc., which runs Century Mall in Makati, and Robinsons Land Inc. have been approached by H&M for possible store expansion.

The SM Group of retail tycoon Henry Sy Sr., however, still enjoys an edge over its competitors as the second H&M store will open in SM Makati either by Nov. 28 or Nov. 30. Two more SM malls—SM Aura and SM Mall of Asia—are also possible future sites of H&M outlets.

The first H&M outlet in Megamall occupies  3,000 square meters in three floors of fast fashion with the hottest trends and timeless pieces. The H&M store is now the biggest retail store in the Philippines.

COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementKPPI
Advertisement