H&M are planning rapid growth in China with the addition of 325 stores in 2013, the clothing giant are also planning store growth within the US.

As the second-biggest fashion retailer with 2,800 stores globally, the Swedish based company is looking to develop in new markets, with markets such as China having already shown high levels of potential for western businesses looking for expansion.

The plans come after a posted rise in annual profits despite a drop in profits in the fourth quarter during 2012 in a challenging market for high street retailers.