
Hennes & Mauritz AB said it has signed a contract to open its first store in Japan in the Autumn of 2008. The first store will be located in Tokyo's Harajuku district. The building is under construction and will have a sales floor of around 1,500 square meters when complete. The company said it is also currently negotiating over other store sites in Tokyo. 'With a population of 128 million of which almost 13 million are in Tokyo, we see great opportunities for expansion in this part of the world,' said H&M's chief executive Rolf Eriksen.