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.

Retail apocalypse? Inditex, H&M and Gap close 3,000 stores since 2012

The parent company of Zara is the one that has closed the most stores, although it also opened the most in this period. H&M, on the other hand, closed only 488, although it has accelerated its reorganization in the last years.

H&M earns 10% less in first semester while digitalizing

The turnover of the group, for its part, rose by 10.4%, up to 108,489 million Swedish crowns (10,290 million euros) in the first six months of the year.

H&M reinforces partnership with Klarna to expand to the US

The Swedish fashion company will facilitate its flexible and frictionless payment experience to American consumers to reinforce in omnichanneling.

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.

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Inditex, H&M and Primark dominate 38% of fashion sales

While the textile commerce in the world sank in 2018 with a descent of 2.38%, giants in Zara’s kingdom rose 2.17%.

H&M Founding Family Raises Stake to 70% as Ownership Consolidates

The Persson family, which founded the fashion group in 1947, has also acquired 85% of the group's voting rights, which could put the Swedish retail giant on the road to becoming a listed company.

H&M Invests in Reverse: The Fashion Giant Joins Startup’s First Funding Round

Swedish retail powerhouse steps into the future by investing in a German leader of automated textile sorting, leveraging AI and advanced material recognition.

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

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).

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

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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