H&M

H&M is the second largest fashion distribution group in the world by revenue. In 1947, Erling Persson launched the Hennes store in Sweden, inspired by American establishments that moved large volumes of merchandise. During the sixties, seventeen and eighties, the company started its international expansion with its first stores in Denmark, Norway, Germany and United Kingdom. The company continued its world expansion and today it’s present in every continent.

Fashion distribution Swedish group billed 57,474 million crowns (5,398 million euros between March and May. At constant exchange rates, the company grew 6% within this period.

H&M brings &Other Stories to China with Alibaba

Swedish fashion distribution group has planned to launch from autumn, with the aim of reaching a potential public of seven hundred million people.

H&M launches a collection based on online searches

Swedish fashion group releases in Berlin a clothing line designed from the tendencies that the users from the city search in Internet, extracted from geolocation.

H&M keeps transforming: profit down 41% but sales up 10%

The company has managed to cushion the fall of its operating result, improving margins and reducing sales with discount.

H&M starts 2019 on the rise: 10% growth in the first quarter

The Swedish company, number two in the world ranking of fashion distribution by revenue, has concluded the first three months of fiscal year with a revenue of 51.01 billion Swedish crowns (4.85 billion euros).

H&M: expert on artificial intelligence joins the board

The nomination committee of the Swedish company proposed Danica Kragic Jensfelt as new member of the management board.

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H&M to test subscription in China with COS

The group has teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country. The group has done similar tests with its main brand.

Fashion Giants Set Sights on Venezuela: H&M Enters as Inditex Brings Bershka and Pull&Bear

After closing all its stores in the market in 2021, the Spanish group will raise the shutter on two of its young chain stores in the capital. The Swedish company is also preparing to enter the country.

H&M Kicks Off Brazil Expansion with Two Stores in Regional Growth Move

The Swedish group expects to start operating in the country in August, the same month in which it will also launch its ecommerce nationwide. Dates for the next two openings in Brazil have not yet been announced.

In the last conference with analysts, investors and shareholders, the group’s CEO, Karl-Johan Persson, repeatedly stressed the concept “in transition” to refer to the process of transformation of the group.

The net profit of the group stood at 12.65 billion Swedish krona (1.21 billion euros), 21.8% less than in the previous fiscal year.

The ACT project, boosted by IndustriAll Global Union, assigned Turkey to Inditex, Cambodia to H&M and Myanmar to C&A to coordinate the application of a sectoral collective bargaining.

The Italian weaver, which last year celebrated its 75 anniversary, is one of the wool companies from Prato that supplies luxury industry and in this winter campaign it formed an alliance with fast fashion.

The Moody’s analysts are optimistic but careful about the future of retail.

The fashion retail giant created the joint venture named TreeToTextile along with Ikea and Lars Stigsson to industrialise the production of sustainable fibres.

In the fourth quarter, the group gained impulse with 12% rise of sales, reaching 56.42 billion Swedish kronor (5.5 billion euros), its best quarter in three years.

The company, immersed in a deep process of restructuration, wants to “focus on the core business”, according to a statement they have released. Eighty employees will be affected by the closure.

The Swedish retailer will introduce in 2019 a renovated version of the company’s app in fourteen markets worldwide. The agreement with Klarna, through which the group has become a minority stakeholder, included introducing a try before you buy service.

The South American country, with just 3.4 million inhabitants, has turned into the latest territory conquered by the Swedish group, which recently opened in Montevideo its first store in the Uruguayan market.

Oscar Olsson, co-founder and chief executive officer of H&M’s newest label, has been working in the Swedish retailer for the last five years. Nyden is targeting millennials and operates through ecommerce.

The Swedish company is going through a transformation process to adapt its structure to the new retail scenario created by ecommerce and re-seduce the consumer.

The Swedish fashion retailer has reopened its store in the French capital with a space that enables consumers to repair their clothes, customize them or even to buy specific care products.

The Swedish retailer, which is going through a business model transformation, has developed an app for H&M home with the tech giant. It has also started testing augmented reality with Monki.

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