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H&M New stores set to open in Ukraine ?? 2018

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Swedish clothing brand H&M will open its first store in Ukraine in 2018. The information appeared in the companyโ€™s six-month report for 2017.

โ€œNew H&M store markets planned for 2018 are Uruguay and Ukraine,โ€ the document read.

H&M has been one of the most anticipated international brands in Ukraine, along with Ikea. Rumours of its entrance have been circulating for many years, but this is the first-ever official confirmation of such plans.

This spring H&M entered the markets of Kazakhstan and Colombia, and the brand has been a success there, according to the report. New openings are planned in Iceland, Vietnam, and Georgia.

The company also reported 9 percent growth in sales to over $13.3 billion during the first six months of 2017.

H&M (Hennes & Mauritz AB) is now present in 69 countries and is the second largest retailer in the world after Spanish Inditex Group. It includes H&M, COS, & Other Stories, Monki, Weekday, and Cheap Monday as well as H&M Home.

Another anticipated Swedish brand, homeware manufacturer Ikea, also has set its eye on Ukraine.

In early June the representative of the company told the Kyiv Post that Ukraine was โ€œone of the markets that Ikea is exploring for expansion opportunities.โ€

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