H&M to open first store in Cambodia next year
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Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) has announced the opening of its first store in Cambodia next year, according to a press release issued in early July.
The firm, however, did not disclose the specific date and location of this first store.
H&M already has a large presence in the region with 11 stores in Vietnam and 43 in Thailand.
The decision to expand its stores to Cambodia was made after the company assessed the potential of Cambodia given the gradual increase of local purchasing power.
The firm has been manufacturing its products in Cambodia since the 1990s.
Questions & Answers
Q.When will H&M's first Cambodian store open?
When will H&M's first Cambodian store open?
H&M has announced the opening of its first store in Cambodia will happen next year. The specific date for the store's launch has not yet been disclosed by the company.
Q.Why has H&M decided to open a store in Cambodia?
Why has H&M decided to open a store in Cambodia?
The company chose to expand into Cambodia after assessing the potential of the market. This decision was influenced by the gradual increase in local purchasing power within the country.
Q.How long has H&M been involved in Cambodia?
How long has H&M been involved in Cambodia?
H&M has a long-standing connection with Cambodia, as the firm has been manufacturing its products in the country for several decades. Production began there as early as the 1990s.
Q.What is H&M's existing presence in the Southeast Asian region?
What is H&M's existing presence in the Southeast Asian region?
H&M already has a significant presence in neighbouring countries. The company currently operates 11 stores in Vietnam and a further 43 stores across Thailand.
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