Monday, 12 March 2012

H&M To Open First Store in Lot 10,KL

From my previous post on Feb about H&M will open its first store in Malaysia in Kuala Lumpur by the end of 2012.

Through Business Time Malaysia ,H&M will be Lot 10,Jalan Bukit Bintang.

Business Times understands that H&M has signed a tenancy deal with Lot 10 and that the retailer will take over the place vacated by British retailer Debenhams.

Fans who had waited anxiously for news on Hennes & Mauritz’s maiden store opening in Malaysia had earlier speculated that there could even be two stores in Jalan Bukit Bintang.

When the fashion retailer opened its outlet in Singapore last year, the first five customers were each given a S$250 (RM600) gift card while another 300 each received a S$20 gift card.

Customers at store openings in the United States were given as much as US$500.

Fans here will be excited to find out the value of the gift vouchers that will be handed out.

The retailer had confirmed last month that it would open its doors in Malaysia in autumn 2012.

A check on the Lot 10 website revealed that H&M’s office will be opening there soon.

It was previously reported that H&M preferred a location with a high foot traffic and immediate visibility.

This location within Lot 10 would satisfy both criteria.

H&M’s preference is to have a store size measuring between 10,000 sq ft and 30,000 sq ft.

Although Debenhams vacated a space measuring 18,500 sq ft, some of its neighbours apparently may also be moving out to make way for a larger retail space.

This followed Lot 10’s announcement on its website that Romp and Timberland, which flanked Debenhams, would also be moving out.

via: btimes


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