H&M store to open in Kfar Saba

The Match Retail and Gazit Globe Israel companies have signed an agreement to open an H&M store in the G shopping mall in Kfar Saba in September 2010. It will be the Swedish fashion chain's fourth branch in Israel.

The store is slated to spread over some 1,300 square meters (14,000 square feet), on the two floors of the shopping center's Fashion Mall section. The contract was signed for a period of 24 years. The rental fee for stores in the Fashion Mall section ranges between $40-80.

H&M's first stores in Israel are expected to open in March 2010 in Tel Aviv's Azrieli Mall, Jerusalem's Malcha Mall and Haifa's Grand Canyon shopping center. The fashion chain is also expected to open stores in the cities of Petah Tikva, Netanya and Rehovot in 2011.