Hennes & Mauritz shows brick-and-mortar success

|About: Hennes & Mauritz ABB (HMRZF)|By:, SA News Editor

Hennes & Mauritz (HMRZF) continues to grow its global store base aggressively to positive results.

The fast-fashion giant added 374 stores last year to take its store count to close to 3.2K.

Analysts think the retailer has an edge over other brick & mortar apparel sellers because consumers are more eager to shift through its low-cost variety of clothes.

What to watch: H&M is looking to build out its brand in the U.S. as well. Channel checks indicates its online business is vibrant in the region.