Hennes Mauritz news and archive

H&M reports Q2 results, expects June sales to decline

Hennes & Mauritz AB (H&M) group’s net sales increased by 3 percent in the second quarter to 59,605 million Swedish krona. In local currencies net sales also increased by 3 percent. Sales for the month of June are expected to decrease by 6 percent in local currencies with unstable weather in many of the H&M group’s large markets at the start of...

BusinessFeatured

H&M posts drop in operating profit, Q2 sales up 10 percent

H&M’s fourth quarter net sales increased by 10 percent to 62,433 million Swedish krona, while in local currencies, net sales were flat. Excluding Russia, Belarus and Ukraine the increase was 11 percent in SEK and 2 percent in local currencies. Net sales in SEK increased by 12 percent in the 2022 financial year to 223,553 million Swedish krona,...

Business|ANALYSIS Featured

H&M needs to regain investors trust after Q2 results fuel concerns on margin pressure

New York - The world’s second largest fashion retailer saw sales rise for the fourth consecutive quarter. However, Hennes & Mauritz AB revenue growth slowed down in April and May despite the Swedish clothing group’s attempts to reduce a buildup of inventory that’s been weighing on earnings and unsettling investors. Hennes & Mauritz Group said...

Retail

H&M to test retail concepts in more stores in 2019

Hennes & Mauritz (H&M) has introduced a series of new features and services to some of its shops in 2018, including self-service checkout, repairing services and a café called It’s Plet. In 2019, not only will these changes will be rolled out to more stores around the world, but the fast fashion retailer is aiming to conduct some more tests and...

Retail

H&M tests same-day delivery in Berlin

Online shoppers living in Berlin can now receive their H&M orders just a few hours after the purchase. The Swedish fast fashion giant chose the German capital to test its new same-day delivery service. Orders placed by 10:00AM on H&M’s German website, with a delivery address located in Berlin, are now shipped the same day between 7:00 PM and...

Retail

With growth slowing down, H&M could lose benefits at malls

H&M’s sales and revenue growth have been shrinking every quarter in India. As a result malls which were earlier were wooing the Swedish brand with lower rentals and free fixtures are now bargaining to cut store size and increase rent. As per H&M global investor presentations, in the first quarter ended February 2018, H&M India grew 21 per cent a...

Fashion Featured

H&M taps Erdem for it's Newest Designer Collaboration

London-based designer Erdem Moralıoğlu is the latest designer to team up with Swedish fast-fashion retailer H&M for its annual designer collaboration. Moralıoğlu follows in the footsteps of Karl Lagerfeld, Versace, Marni, Isabel Marant, Lanvin and most recently Kenzo, in teaming up with H&M to create a capsule collection for the mass-market...

Business

H&M chairman capitalises on the stock’s slump to buy 538 million dollars in shares

H&M Chairman Stefan Persson has invested about 538 million dollars in acquiring 20.6 million additional shares in the company this year. Data from the Swedish Financial Supervisory Authority cited by Bloomberg show that Persson’s combined H&M stake - owned by his investment company Ramsbury Invest AB and his children - now stands at 39.7...

Apparel

H&M hires key people as it prepares to open debut store in 2015

Swedish retailer Hennes and Mauritiz (H&M) is busy hiring people for topmanagement positions as it prepares to roll-out its first store in India by 2015. Though the company is yet to announce the name of Chief Executive for India operations, sources inform that it has roped in Amit Kothari, former India Marketing and Communications head at...

Apparel

H&M's first India store in Delhi by November '14

Sweden’s Hennes & Mauritz (H&M) is all set to open its first store in New Delhi, in November 2014. According to its proposal, the company wants to open 50 stores in India. H&M would also sell its products through e-commerce when foreign brands would be allowed to launch their e-shopping websites in the country. As reported earlier, the...

Apparel

H&M to open first India store this year

Swedish brand Hennes & Mauritz (H&M) is all set to open its first store in India this year, along with other destinations like the Philippines and Australia. The company is targeting opening 50 stores across India. As reported earlier, the Department of Industrial Policy and Promotion (DIPP) had given its green signal to the company in September...

Apparel

FIPB waves green signal to H&M's Rs 720-cr FDI proposal

The Foreign Investment Promotion Board (FIPB) on Wednesday approved Swedish clothing major Hennes & Mauritz AB (H&M)’s Rs 720 crores proposal to open 50 stores across the country. As reported earlier, the Department of Industrial Policy and Promotion (DIPP) had given a green signal to the company in September this year. In April, the company had...