
Swedish fashion chain Hennes & Mauritz (H&M) is pursuing its expansion into international markets with its recent foray into the Icelandic market, the brand has said.
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Swedish fashion chain Hennes & Mauritz (H&M) is pursuing its expansion into international markets with its recent foray into the Icelandic market, the brand has said.
H&M Group’s new fashion brand has confirmed plans to open a store in Stockholm in 2018 to join further launches in London, Brussels, Copenhagen and Munich, announced the brand in a release.
H&M had plenty to talk about Thursday as it reported higher H1 sales, some markets that were good and others that were challenging, plus e-sales powering ahead and strength in its expanding other brands.
H&M dropped on Tuesday a decades-old store growth target in favor of a turnover target to reflect growing online sales as it reported a small increase in pretax profit for the September-November period.
H&M reported a bigger than expected fall in quarterly profits on Friday and said sales growth at the start of the current quarter in September had slowed due to unexpectedly warm weather.
H&M has reported a rise in sales in August that was little more than half of what analysts had expected, with the company saying unusually hot weather kept shoppers away.
In June, the first month of the second half of the fiscal year, the H&M group enjoyed an 8% increase in sales. It was a much lower growth rate than in previous years, coming after a disappointing first half of the fis...
In its annual Sustainability Report, Swedish retail giant H&M said 2015 saw important steps taken towards achieving an economically, socially and environmentally sustainable business.
Located in Broadway Sydney and Bondi, the two stores will take the Swedish brand’s Australian store total to 11, since it launched in the nation back in 2014.
Swedish fashion giant H&M has revealed the winners of its Global Change Award and invited the public to vote online for how the €1,000,000 grant will be distributed.