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Marks & Spencer to set up 2 new outlets

07
Aug '06
Renowned international retailer, Marks and Spencer (M&S), is gearing up to set up two new outlets in Hungary, apart from six stores in Budapest.

One is expected to be in Pécs in southwest region and the other will be in Gyor, northwest of the country.

Company anticipates 20-25 percent growth in the turnover for 2006.

Last year, turnover rose more than 26 percent.

Katalin Juttner, CEO, believes that the country presented a lot of potential for the development of M&S and hinted plans of further expansion.


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