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Monday, 19 September 2011

Retail giant opens first store in Ankara

Swedish retail clothing giant H&M has opened its first store in the Turkish capital of Ankara to bring the total number of H&M stores in Turkey to eight.

The store, situated in Ankara’s CEPA shopping mall, is H&M’s biggest store in Turkey to date and was opened with a ceremony on Saturday. According to company officials, H&M will open another store in Ankara on September 24.

H&M only entered the Turkish market in November 2010 with the opening of a store in Istanbul, and less than one year later, the clothing retailer has grown to eight stores already as the company looks to invest in the Turkish market.

Many international companies have recently looked to the Turkish market to invest in as the Turkish market is currently flourishing and expanding faster than any market in the world. Investing in Turkey is rich and global companies are seeing the potential and are flocking to open offices in Turkey and to gain a slice of the prosperous Turkish market.

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