Filed Under (General) by Carolyn Akel on 02-25-2010
Shoppers enter and exit the Fifth Avenue store owned by Stockholm-based fashion retailer Hennes & Mauritz (H&M) Wednesday, June 21, 2006, in New York. H&M posted a 12 percent increase in second-quarter profit Wednesday, helped by a spike in sales in May but capped by higher marketing costs. H&M said that it plans to open approximately 100 stores during the remaining part of the financial year, mainly in the U.S., Spain, France, Britain, Canada and Germany. During spring 2007, the company had signed contracts for one full-range store each in Shanghai and in Hong Kong, the company’s first stores in the Far East. (AP Photo/Kathy Willens)



















