The world-renowned fashion retailer Hennes & Mauritz (H&M) announced on the 29th that the company plans to add 225 stores worldwide in 2009. The first Beijing store will open in the spring. H&M said in its performance report released on that day that the new stores this year will be mainly distributed in the United States and Europe, but the company is very concerned about the two markets with great potential, Russia and China, and plans to open 3 stores in Moscow during the year. In spring, Beijing opened its first H&M fashion store in Beijing. The Swedish fashion company also said that its 2009 expansion plan could create 6,000 to 7,000 jobs worldwide. H&M's performance report shows that in the fiscal year ending on November 30, 2008, the company's net profit was 15.3 billion Swedish kronor (one US dollar is equivalent to eight Swedish kronor), an increase of 1.7 billion kroner from the previous fiscal year, an increase of nearly 13%. . Founded in 1947, H&M is the largest fashion retailer in Europe by sales volume. At present, the company has about 1,700 fashion stores in major cities around the world, including Shanghai and Hong Kong, and employs nearly 55,000 people worldwide. 
Henness & Mauritz (H&M), a leading fashion retailer, announced on the 29th that the company plans to add 225 stores worldwide in 2009, the first of which will open in spring.