Swedish brand H&M plans to expand the range of footwear in autumn 2014. Its CEO Karl-Johan Persson shared information about the upcoming changes in the company's latest financial statement. "We will launch an expanded and improved line of footwear for women, men, teens and children, ”Person explained. "The new shoe concept will offer a range of models in different price points."
These shoes will go on sale in stores in nine countries, as well as online. Note that the announcement followed with a report on the 25% increase in net profit of the group of companies H&M henes & Mauritz AB in the second quarter.