Arket news and archive

Arket's Austrian debut highlights cautious expansion

H&M-owned lifestyle brand Arket is set to make its delayed entry into the Austrian market, announcing plans for a Vienna flagship store in 2025 - a full eight years after the brand's initial European launch. The move raises questions about the Swedish retailer's traditionally conservative approach to expansion in Central Europe. While brands...

Retail

Asos expands H&M Group partnership with addition of Arket

Asos is building on its relationship with the H&M Group through the exclusive launch of its Nordic design brand Arket. The label’s autumn/winter 2024 collection is now available via the British e-tailer, expanding its reach whilst growing the offering of Asos itself. In a release, Asos said the launch reflected “a shared commitment to providing...

Retail

Arket enters Italian market with first flagship in Milan

Nordic lifestyle brand Arket on Tuesday opened its first Italian store in Milan. The 1,000 square metre flagship occupies two floors of the historic Medelan Building on Piazza Cordusio, formerly the headquarters of Credito Italiano bank. The store's design marries Arket’s signature monochrome aesthetic with elements inspired by Italian...

Business

Ellen MacArthur Foundation and leading brands start The Fashion ReModel to pursue a circular approach

How to make money in fashion without making new clothes? That is ultimately the question that needs to be solved by the industry in view of the current take-make-waste models that churn out 100 billion (!) pieces of new clothing each year only to be discarded after a few wears. The Ellen MacArthur Foundation has announced a new initiative called...

Business

H&M posts improved operating profit in Q1

First quarter net sales at the H&M group declined to 53,699 million Swedish krona, while gross profit increased by 7 percent to 27,655 million Swedish krona, corresponding to a gross margin of 51.5 percent. The H&M group’s sales from March 1 to March 25, 2024 increased by 2 percent in local currencies compared with the same period the previous...

Retail

Arket to open its first store in Ireland

Nordic fashion and lifestyle brand Arket, part of the H&M Group, has announced it is opening its debut flagship store in Ireland as it continues to expand its presence in Europe. The new Irish flagship will be located in Dublin and is due to open this year. It will offer a curated selection of ready-to-wear and accessories for women and men,...

Fashion

Arket partners with circular platform Bundlee

H&M-owned Arket has announced a collaboration with Bundlee, a children’s clothing rental service. Founded in London in 2018, Bundlee specializes in circular children's apparel and extending the lifespan of a category which is typically worn for a limited time. Through the partnership, subscribers gain access to the rental of Arket’s essential...

Retail|In Pictures

Arket opens first-ever concession store in Selfridges and launches resale platform

Fashion and lifestyle brand Arket, part of the H&M Group, has opened its first-ever concession at Selfridges London. The new shop-in-shop joins its four other UK standalone stores in London, including Oxford Street, Regent Street, Westfield Stratford City and Covent Garden, and showcases the brand’s womenswear collection. Arket Selfridges is...

Retail

H&M’s Arket to enter Spain with Barcelona flagship this autumn

Nordic fashion label Arket is setting its eyes on Spain with plans to open its first store in the market in 2023. The brand, which is owned by fast fashion giant H&M, is set to open a flagship store in Barcelona this autumn. While the exact location of the new store is unknown, it will carry a mix of the Stockholm-based brand’s ready-to-wear and...

BusinessFeatured

H&M indicates strong Q3 ahead, June sales up 10 percent

H&M Hennes & Mauritz AB group’s net sales in SEK increased by 9 percent in the first half-year to 112,488 million Swedish krona. In local currencies net sales increased by 1 percent. As communicated earlier, for the second quarter, the company’s net sales increased by 6 percent to 57,616 million Swedish krona, while in local currencies, net...

Business

H&M reports flat Q2 sales

Net sales at H & M Hennes & Mauritz AB increased by 6 percent to 57,616 million Swedish krona in the second quarter, compared with the corresponding period last year. In local currencies, the company said in a release, net sales were flattish compared with last year. The company added that sales in the second quarter were affected by...

BusinessFeatured

H&M posts Q1 profit, sales increase by 12 percent

In the first quarter the H&M group’s net sales in SEK increased by 12 percent to 54,872 million Swedish krona. In local currencies the increase was 3 percent. Excluding Russia, Belarus and Ukraine, the company said, the increase was 16 percent in SEK and 7 percent in local currencies. Operating profit amounted to 725 million Swedish krona...