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H&M reports 12 percent rise in Q2 sales

In a brief statement on Wednesday, Swedish fashion giant H&M revealed sales ahead of expectation in the second quarter of the year. The group, whose portfolio includes Zara, Massimo Dutti, and Pull & Bear, reported a 12 percent year-over-year increase in net sales in local currencies to 54.5 billion Swedish krona compared to 46.5 billion Swedish...

15 Jun 2022

Fashion Featured

H&M and Lululemon back Fashion Climate Fund to cut carbon emissions

Non-profit organisation Apparel Impact Institute (Aii) has announced that Lululemon, H&M Group, H&M Foundation, and The Schmidt Family Foundation are the lead investors in a 250 million US dollar fund that will be used to identify, fund, scale, and measure verified impact solutions to decarbonise and modernise fashion industry supply chains. The...

9 Jun 2022

BusinessFeatured

Colorifix raises 18 million pounds in Series B round led by H&M

Colorifix has announced the closing of a Series B funding round of 18 million pounds led by the H&M Co:lab, the investment art of the H&M Group. The biotech company, which said it is the first to pioneer an entirely biological dyeing process, is looking to enter into an industrial scale-up after its first customer implementation with the Valé...

2 Jun 2022

RetailFeatured

H&M and Ingka Group open first Atelier100 space in London

The first Atelier100 space, backed by H&M and Ingka Group, has officially opened in London, showcasing a new sustainable and hyper-local approach to retail. Located at Livat Hammersmith in west London, Atelier100 is the first-of-its-kind collaboration between the Swedish retail giants and showcases creatives, makers and manufacturers who live...

1 Jun 2022

Retail

H&M to trial in-store tech solutions in US Cos stores

H&M Group has announced it will be rolling out tech-led pilots in its US-based Cos locations that will see a range of shopping solutions implemented into stores. New features undergoing the trial phase include seamless payment options, personalised styling recommendations, fast checkout and an upgraded delivery and return option. “We are...

30 May 2022

Business

H&M expands collaboration with TextileGenesis

H&M Group is extending its partnership with H&M Foundation’s Global Change Award winner TextileGenesis to roll out its innovative traceability technology for all man-made cellulosics and recycled polyester, as it looks to enhance traceability and transparency in its supply chain. The fashion retail group first piloted TextileGenesis'...

4 May 2022

Fashion

H&M favours plant-based leather and recycled materials for latest ‘Innovation Story’

Fast fashion retailer H&M has taken another step towards its commitment to include more sustainable fashion in its offering. For the fifth edition of its ‘Innovation Stories’, the retailer is centering its theme around the concept of love, with a collection that it said “investigates our passionate relationship with clothes”. Entitled the...

14 Apr 2022

Business

H&M launches design venture programme with Ikea’s Ingka Group

H&M has partnered with the Ingka Group, the largest Ikea franchisee, to launch a design venture for creatives, piloting in London. Atelier100, the duo’s new incubator programme, has been designed to help creators to grow their businesses through mentorships and create “commercially viable” products for a new store, which will open in Livat...

8 Apr 2022

Business

H&M commits to ending shopfloor sexual violence following murder of employee

H&M has signed an agreement with one of its Indian clothing suppliers to end sexual violence and harrassment against women following the 2021 murder of an employee. Last January, Jeyasre Kathiravel was found dead following a shift at H&M’s Natchi Apparel factory in Kaithian Kottai, Tamil Nadu. According to police reports acquired by The...

4 Apr 2022

Business

H&M, Zalando and About You top EU cross-border e-commerce rankings

In its fourth edition of its European e-commerce report, Cross-Border Commerce Europe has highlighted the top 500 players in cross-border performance, with H&M and Zalando sweeping up top spots on the list. According to the organisation, the total online EU cross-border market represented a turnover of 171.2 billion euros in 2021, increasing by...

31 Mar 2022

Business

H&M's Q1 sales increase 18 percent, posts profit

First quarter net sales at H&M in local currencies increased by 18 percent, while converted into SEK, the group’s net sales increased by 23 percent to 49,166 million Swedish krona. The group’s profit after tax increased to 217 million Swedish krona, corresponding to 0.13 Swedish krona per share. Commenting on the trading update, Helena...

31 Mar 2022

Retail

H&M begins selling external brands on select market websites

Fast fashion retailer H&M has begun selling external brands on some of its websites, a feature it is looking to reportedly expand on. Starting in Sweden and Germany, H&M is said to be making steps to take on other fashion marketplaces like Asos and Zalando, according to Reuters. While other brands in the H&M Group like Arket already sell...

17 Mar 2022