H&M Opening in Singapore

Just read this... From H&M's website.

22/11/2010
SINGAPORE BECOMES NEW H&M-MARKET

H & M Hennes & Mauritz AB takes the first step into South East Asia by opening a store at the best business location on Orchard Road in Singapore’s most central shopping area.

The store will be located in Orchard Building, Singapore, and will have a sales area of approximately 3,000 square metres. The store is planned to open during the autumn of 2011.

– We look forward to opening our first store in South East Asia. There is great potential for expansion in this highly populated and fashion conscious region, and Orchard Road in Singapore is the perfect first step for this, says Karl-Johan Persson, CEO at H&M.

Interesting that it took them so long to make this move. I would have expected them to open there earlier.

Forever 21 in Hong Kong

Forever 21 is going to open in Hong Kong next year. Without copying their competitor H&M, the 5 story flagship store is going to be located at the Jardine's Bazaar (across MTR exit F, currently a Giordano store) in Causeway Bay.



Personally, I think they will be successful here and won't end up with a story like Sephora and Krispy Kreme. Mostly because H&M gives a great example of how much Cantos welcome 'cheap fashion'. However, whether Forever 21 will be able to expand as well as their competitor, that will be left at question.
I do know that Forever 21 moved its way to Singapore for a while already, and it's quite popular there. But, I also know that there is a bunch of Singaporeans that would fly up here to Hong Kong for H&M. Either way, cheap clothes for me makes me happy.


What do you think??


Update (Dec14): new post on the probably-not Forever 21 opening in Hong Kong