Arket news and archive

H&M's Q3 sales fall but profit rises due to cost cuts

Swedish fashion group Hennes & Mauritz AB (H&M) experienced a decline in sales in the third quarter of the 2024/25 financial year. The company did, however, manage to significantly increase its profit. This was announced in a business report published on Thursday by the parent company of brands such as H&M, Cos, Monki, Weekday, & Other Stories...

Retail

Arket opens first store in Ireland

Arket is venturing into the retail landscape of Ireland. The H&M-owned brand has unveiled its first physical store in the region. Located at 60 Dawson Street in Dublin, the 810 square metre space spans two floors. Within the store, Arket stocks a full assortment of ready-to-wear and accessories for both men and women, as well as childrenswear,...

Retail

Debut in Seoul: Arket opens first pop-up in South Korea

Fashion retailer Arket, part of the H&M Group, is opening its first pop-up shop in South Korea. The temporary store will open its doors from September 6 to 14 in Seoul, Arket announced on Thursday. The pop-up is located in the Musinsa Empty Seongsu, a concept store that offers brands a platform. The brand will present its autumn/winter 2025...

Retail

Arket expanding in the UK and opening its first store in Ireland

Nordic fashion and lifestyle brand Arket, part of the H&M Group, is expanding its presence in the UK with the opening of a new flagship store in London, alongside the opening of its first flagship store in Ireland in Dublin, both due to open later this year. The London flagship will be located on Kings Road in the vibrant Chelsea district and...

Retail

Arket to open its first store in Greece

Nordic design and lifestyle brand Arket, part of the H&M Group, is continuing its international expansion with the opening of its first store in Greece. The new store will be located in Athens and is due to open this year to become the brand’s first physical destination in Greece. Pernilla Wohlfahrt, managing director at Arket, said in a...

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Retail

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...

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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...

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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...

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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...