South Africa: H&M Thrives in South Africa, Sees Strong Local Growth

H&M has experienced significant growth in South Africa since opening its first shop in 2015, reports News24. It now has over 30 outlets in the country and employs around 1,000 people. In 2016, its Cape Town store was the third-busiest worldwide. The company sees South Africa as a growth market and plans to expand further. H&M's recent half-year results showed a 9% increase in net sales.

This article originally appeared on AllAfrica

Photo: H&M