H&M Plans Further Store Expansion.

Hennes & Mauritz AB said it plans to expand its range of retail outlets by opening more sports-clothing and home-furnishing shops as well as online fashion stores this year after reporting a 6.1% rise in fourth-quarter net profit.

H&M, the world's second biggest clothes retailer by sales, after Zara-owner Inditex S.A., said it plans to open more than one store every day this year.

The Wallstreet Journal