Our offering is aimed at fashion fans all over the world. We are growing with a focus on quality and sustainability in existing markets as well as in new countries. The H&M group includes the brands - H&M and H&M Home, COS, & Other Stories, Monki, Weekday, ARKET and Afound.
The global integration of stores and online continues. Work is continuing at full speed to roll out online globally to all existing H&M markets and to other markets as well. Today H&M online is in 47 markets. In 2019 the online expansion will continue, including into Mexico as well as into Egypt via franchise. In 2019 H&M will be launched on Myntra and Jabong, which are the largest e-commerce marketplaces in India.
H&M was very well received in Bosnia-Herzegovina at the opening of the first H&M store in Banja Luka on 21 March. New H&M store markets in 2019 will also be Belarus and via franchise Tunisia.
For the 2019 financial year around 335 new stores are planned to open, of which around 240 will be H&M stores. Around 95 of the year’s store openings will be COS, & Other Stories, Monki, Weekday, ARKET and Afound stores. In 2019 three standalone H&M Home stores are planned to open. Of the new H&M stores that open in 2019, around 25 will have an H&M Home shop-in-shop. The majority of the H&M store openings will be in markets outside of Europe and the US.
In total, approximately 160 store closures are planned within the group, which is part of the intensified store optimisation being carried out that also includes renegotiations, rebuilds and adjustment of store space to ensure that the store portfolio is the best fit for each market. The net addition of new stores will thus amount to approximately 175 for full-year 2019. In Europe more H&M stores will be closed than opened, resulting in around 50 fewer H&M stores at the end of the 2019 financial year compared with the end of 2018.