By  on March 29, 2012

PARIS — Hennes & Mauritz AB on Thursday revealed plans to launch a new chain of stores in 2013 to broaden its offering, as the fast-fashion retailer reported that margins came under pressure in the fiscal first quarter due to heavy discounting of unsold merchandise and rising purchasing costs.

This story first appeared in the March 30, 2012 issue of WWD. Subscribe Today.

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