Estonia

H & M Hennes & Mauritz AB announced that it has decided to open its first store in Serbia, in the capital Belgrade, during autumn of 2013. Other new markets for H&M during 2013 are Chile, Estonia, Lithuania and via franchise in Indonesia.

Stockholm, Sweden -- Hennes & Mauritz AB reported Wednesday that profit for the second quarter rose 23% to $750 million, beating Wall Street estimates and marking the strongest profit increase in seven quarters for Europe’s second-largest apparel retailer. H&M had announced on June 15 that sales for the quarter rose 15% to $4.5 billion, beating estimates and boosted by sales strength in the United States. The retailer said it will open seven to 10 stores called “& Other Stories” in 2013 and reiterated its plans to add about 275 stores this fiscal year, with China, the United States and

Apranga APB announced that it has signed a franchise agreement with Burberry Limited to open Burberry stores in three Baltic countries. The first Burberry stores in Riga, Latvia and Tallinn, Estonia will be opened in the second half of 2012. As of December 31, 2011, Burberry had 189 retail stores, 208 concessions, 46 outlets and 56 franchise stores. Currently, Apranga APB operates a chain of 121 stores in the Baltic States, 78 in Lithuania, 32 in Latvia and 11 in Estonia.

Fits.me Virtual Fitting Room, the bio-robotic virtual fitting room for e-commerce apparel websites, is bringing its customer service to internet shoppers in the U.S. for the first time. PARK & BOND, the luxury retail site for men by Gilt Groupe, is the first US-based website to incorporate Fits.me's FitBot mannequins.