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Tag Archives | H&M

H&M Hawaii

Former Google CEO to H&M board

H&M’s nomination committee has proposed two new members of the board of directors, the former Nordic director of Google, Stina Honkamaa Bergfors, and the lawyer Erica Wiking Häger. ”From her various leading positions in companies such as Google and IKEA, Stina Honkamaa Bergfors has gathered solid and valuable experience within media, digitalisation and entrepreneurship,” says Chairman […]

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Exterior view of H&M store in Stockholm, Sweden. Photographer: Mattias Bardå/H&M

H&M December sales stronger than expected

The H&M group’s sales including VAT increased by 10 percent in local currencies in December 2015 compared to the same month last year. The increase was lower than in the same period last year but beat analysts’ expectations of 8.6 percent. The trading shares immediately went up over 3 percent. The total number of stores amounted […]

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Exterior view of H&M store in Stockholm, Sweden. Photographer: Mattias Bardå/H&M

H&M to open 400 stores this year

H&M speeds up their world expansion. Approximately 400 new stores are planned to open in 2015. Switzerland and Russia will become new online markets during autumn 2015. The third quarter was affected by a strong dollar and the European weather. ”When the weather became more normal in September, sales took off again,” says CEO Karl-Johan Persson. (more…)

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H&M’s July sales better than expected

The H&M Group’s sales including VAT increased by 16 percent in local currencies in July 2015 compared to the same month the previous year. This was stronger than analysts’ forecast and the shares shares rose 1.0 percent. The total number of stores amounted to 3,649 on 31 July 2015 versus 3,314 on 31 July 2014.

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H&M Q2-sales up 21%

The H&M group’s sales in SEK excluding VAT increased by 21 percent to 45,867 million (37,827) during the second quarter ending 31 May. In local currencies the increase was 10 percent. ”We’ve had one of our our strongest openings ever when it comes to sales,” comments CEO Karl-Johan Persson. (more…)

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H&M ready to enter India

H&M is set to open in India, a flagship store in Select Citywalk in New Delhi this fall. “This Fall, fashion will have a brand new address in India: from a world-class shopping destination to sustainable and quality fashion offerings at the best price, we are excited to present the complete H&M experience to our Indian customers.” […]

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New report: Varner- and H&M-suppliers in India have ”unworthy” working conditions

Garment factory workers who sews clothes for the Norwegian fashion group Varner Group and Swedish H&M have unworthy working conditions, according to a new report from Fremtiden i våre hender (Future in our hands). ”Conditions are clearly not in line with the requirements we set for our suppliers. We have started investigations of the suppliers […]

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H&M crosses Australia

H&M crosses Australia this year, opening at Perth’s Lakeside Joondalup Shopping City in the second half of the year. H&M confirmed the opening through Facebook: “The wait is finally over Perth! We’re excited to announce the opening of our first WA store at Perth’s Lakeside Joondalup Shopping City in the second half of 2015. Stay tuned for more info!” H&M […]

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Stadium signed for Kulan shopping

Stadium joins the shopping block Kulan in Gamlestaden, Göteborg together with H&M, Kappahl, Coop Extra, Bestseller, Deichmann, Nordic Wellness och Myrorna. The former industry facilities of SKF in Gothenburg will have 40,000 square meters of retail space and 15,000 square meters of restaurants and services. 330 new apartments are planned nearby. The local plan is […]

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H&M sales up 8% in September

The H&M Group’s sales increased by 8 percent in local currencies in September 2014 compared to the same month last year. This was lower than analytics expected. H&M explains the lower numbers by a warm September. The total number of stores amounted to 3,388 on 30 September 2014 which is 382 more than a year […]

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H&M awarded International Retailer of the Year tonight

The world’s best International Retailer right now is H&M. That’s the opinion of the international CEO-jury of World Retail Awards. Tonight it awarded H&M, Uniqlo and several other international brands for their contribution to the retail business. The list of nominees and winners is probably the best advise for where to seek inspiration in retail right […]

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H&M accelerates online

H&M builds their online business. Next year ten new markets will open. Sales has so far increased in local currencies by 15 percent during the first nine months of the financial year. ”The good growth in profits continued with an increase in operating profit of 20 percent – while we at the same time are […]

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Great August for H&M

According to today’s statement, the H&M Group’s sales including VAT increased by 19 percent in local currencies in August 2014 compared to the same month last year. In the third quarter of 2014 (the period 1 June to 31 August) sales including VAT increased by 16 percent in local currencies. Converted into SEK this amounted […]

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