All H&M articles – Page 2
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ArticleH&M sales up 20% in December-January
Between Dec. 1 and Jan. 31, 2022, H&M expects sales in local currencies to increase by 20 percent compared with the same period last year. Despite the rise, it noted that the period was negatively affected by the latest wave of the Covid-19 pandemic in many of its larger markets. ...
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H&M returns to pre-Covid levels
In the fourth quarter ended Nov. 30, the Swedish fashion retailer H&M posted fourth quarter-revenues of SEK 56.813 billion (€5.53bn-$6.22bn), up by 8 percent from a year ago, while in the full year the top line was up by 6 percent to SEK 198.967 billion (€19.38bn-$21.79bn). In local currencies, fourth-quarter ...
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News briefs
H&M considering sourcing in Russia
The Swedish retailer Hennes & Mauritz (H&M) is considering the possibility of buying goods from Russian producers, Saed El-Ashkar, the company’s general director in Russia, told the news agency Interfax. “H&M does not have its own factories and places orders with independent suppliers worldwide, from India, Bangladesh, China to Turkey ...
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News briefs
Adidas loses appeal about H&M’s two stripes
Ending a trademark dispute that began in 1997, the Dutch Supreme Court has dismissed an appeal by Adidas against a lower court’s ruling that a two-stripe logo used by Hennes & Mauritz did not infringe on its iconic Three Stripes. A key factor in H&M’s success was a market research ...
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News briefs
H&M Q3 sales rise 14% in local currencies
In the third quarter ended Aug. 31, Hennes & Mauritz (H&M) posted a 9 percent increase in net sales to a provisional SEK 55.585 billion (€5.470bn-$6.470bn). In local currencies, the rise reached 14 percent, lifted by more full-price sales. Covid-19-related lockdowns and restrictions continued to hamper development, particularly in Asia, ...
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News briefs
Klarna launches in Poland
Klarna, the Swedish banking, payment and shopping service with over 90 million users worldwide, officially launched in Poland on Aug. 18, partnering with H&M to introduce the “Pay in 30 Days” option and the Klarna app. Klarna will expand its presence in Poland with a local team and office in ...
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News briefs
H&M swings back to a profit
Hennes Mauritz ( H M ) booked a profit after financial items of SEK 2.204 billion (€226.2m-$257.3m) in the first half ended May 31 compared with a loss of SEK 3.978 billion (€391.3m-$464.5m) the previous year, while the net profit was SEK1.697 billion (€166.9m-$198.1m), up from ...
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Article
H&M Q2 sales up 75% in local currencies
Hennes Mauritz ( H M )’s sales in the second quarter ended May 31 rose by 75 percent in local currencies and by 62 percent on a reported basis to 46,509 million Swedish krona (€4,601m-$5,577m). The company benefited from the strengthening of the krona, but continued to ...
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News briefs
H&M plans layoffs, store closures in Spain
Hennes Mauritz ( H M ) intends to lay off more than 1,000 workers in Spain who are now under furlough due to the Covid-19 pandemic, according to the Spanish union Comisiones Obreras ( CCOO ). The Swedish apparel retailer “informed employee representatives of ...
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ArticleH&M March sales up by 55%
In the period from March 1-28, Hennes Mauritz ( H M )’s net sales increased by 55 percent in local currencies, recovering from a 21 percent decline in the first quarter that ended Feb. 28. On a reported basis, the Swedish fashion and accessories retailer H ...
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H&M sales up 10% in March 1-13
Hennes Mauritz ( H M ) posted a 10 percent year-on-year increase in net sales in local currencies in the March 1-13 period, as Germany, the retailer’s largest market, and other countries began allowing stores to reopen as Covid-19 restrictions eased. H M had about 900 ...
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News briefs
H&M sales decline accelerates amid new store closures
Hennes Mauritz ( H M ) saw net sales decrease by 23 percent year-on-year in local currencies in the period running from Dec. 1 to Jan. 27, up from the 10 percent decline seen in the fourth quarter ending Nov. 30, as its top line was hit ...
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Zalando hires a “circularity director” away from H&M
Laura Coppen , who has been a major contributor to H M ’s sustainability efforts for almost five years, is joining Zalando to serve as “circularity director,” charged with implementing a program to promote greater transparency among its partner brands in the area of environmental protection. Her appointment ...
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News briefs
H&M sales resume decline from end Oct due to Covid resurgence
In the fourth quarter running from Sept. 1 to Nov. 30, Hennes Mauritz ( H M ) saw net sales decrease by 10 percent year-on-year in local currencies. For the whole financial year, net sales declined by 18 percent in local currencies due to the impact of ...
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ArticleCovid-19 is forcing fashion and retail to rethink their business models
The Covid-19 pandemic has accelerated changes in consumer attitudes towards fashion and retail, and calls are getting louder for “something to be done,” namely fewer collections, less fast fashion and more attention to sustainability.
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ArticleH&M expects 250 net store closures in 2021
Hennes Mauritz ( H M ) expects a net decrease of about 250 stores in 2021, as the Swedish retailer faces growing pressure to sell online. It highlighted that rapid changes in customer behavior have been further accelerated by the Covid-19 pandemic. Therefore, it is stepping up ...
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ArticleHow are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
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ArticleH&M unit Sellpy launches in Germany
Sellpy , the Swedish online second-hand retailing service owned at about 70 percent by H M , is being launched in Germany, marking its first move outside its domestic market. In a joint statement, the companies indicated that sustainable consumption and a circular textile economy are an integral part ...
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