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H&M's first discount outlet

The chain has also signed a lease agreement to occupy over 2000 sqm in the new Poznań Plaza development.

H&M has also recently announced its full year results for 2004 where it stated its profits have risen by 15 percent to €1.2 (zł. 4.9) million in comparison to 2003. H&M are planning to open between 145 and 155 new stores this year, including first-time shops in Ireland and Hungary.

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