H&M hiring staff for first store in Hanoi
An employee arranges a clothes rail displaying garments for sale inside a Hennes & Mauritz AB (H&M) fashion store in Budapest, Hungary, on Wednesday, Oct. 2, 2013. "The retail sales environment in Europe, especially in Spain, has become less challenging in the last few weeks, while the weather overall has also been more stable," Anne Critchlow, a London-based analyst at Societe Generale, said. Photographer: Akos Stiller/Bloomberg

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The Swedish fashion giant Hennes & Mauritz (H&M) is preparing for its Vietnam debut this year. The Swedish low-cost clothing outlet, H&M, announced it would open a store in Vietnam this year, making it the fourth fast fashion label to enter Vietnam after Zara, Mango and Gap.

The company has remained circumspect about where and when the first outlet would open, but a source at the Manpower Group, a multinational human resource consulting firm, told it is handling the entire recruiting process.

According to a recruitment announcement, H&M’s first store in Vietnam will occupy about 2,000 square meters in Hanoi and employ roughly 100 people.

The firm also plans to hire employees in Ho Chi Minh City, according to the Manpower announcement.

H&M currently operates around 4,200 stores across 64 markets.

In spite of falling earnings, the retailer has shown no sings of slowing down its global expansion.

In addition to Vietnam, it has announced the plan to open stores in Georgia, Colombia, Iceland and Kazakhstan this year.


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