H&M reports a 9 percent sales increase for the first quarter, but the negative US-dollar effect won’t be neutralized until the last quarter this year. ”This has made our purchasing much more expensive, as well as increased markdowns due to larger volumes of winter garments that remained as a result of the warm autumn,” says […]
Despite a 10 percent growth in February, H&M reported sales under the analysts’ forecasts. (more…)
The H&M group’s sales including VAT increased by 7 percent in local currencies in January 2016 compared to the same month last year. That was according to the forecast. At the same time H&M is accused of breaking its own code of conduct, importing cotton from fabrics in Turkmenistan that use forced labor. (more…)
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 […]
H&M has made another record year. Total sales went up 11 percent in local currencies, and the profit of nearly 21 billion SEK is the best so far. ”Sales have developed well for all our brands: H&M, H&M Home, COS, & Other Stories, Weekday, Monki and Cheap Monday,” comments CEO Karl-Johan Persson. (more…)
Kesko – followed by H&M – are the most sustainable corporations in the world. This according to the Global 100-list presented at the World Economic Forum in Davos on Thursday. (more…)
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 […]
Habit writes that Martino Pessina has left the post of Country Manager Sweden for H & M and assumed the position as Head of global expansion in the same group. He succeeds Fredrik Olsson who becomes country manager in Spain. Pessina in turn is succeeded by Daniel Ervér, most recently Head of global sales support, who took office […]
H&M’s preliminary total sales for 2015 went up by 11 percent in local currencies. But November was a weaker month due to mild weather and lower than the market’s expectations. (more…)
The bigger mall – the bigger chaos before opening. At least six stores and restaurants won’t be able to open at the inauguration of Mall of Scandinavia tonight. Among them are H&M. Now the Inditex-stores electric installation work will be reported to the police. (more…)
H&M had another double digit sales increase in September. The group’s sales including VAT increased by 11 percent in local currencies in September 2015 compared to the same month last year. During the last 12 months, 435 new stores have been established. H&M’s total number of stores amounted to 3,733 on 30 September 2015.
Jyväskylä city centre will change as big retail companies change places in the coming months or no later than next spring. For example, Hennes & Mauritz and Pentik change their existing premises, reports Keskisuomalainen. (more…)
Stefan Larsson, one of the most successful executives in the fashion industry, has been named Chief Executive Officer of the Ralph Lauren company. “My job is to think always about the future of our company and how to move it forward. Stefan Larsson is exceptionally talented, and he will bring our company a fresh and […]
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…)
The H&M group’s sales including VAT increased by 1 percent in local currencies in August 2015 compared to the same month last year. H&M says sales in August were negatively affected by the unseasonably warm weather in many of the H&M group’s large markets in Europe. (more…)
Ville Kangasmuukko is the new CEO of the fashion site Bubbleroom. He has previously been responsible for H & M Online’s expansion into the UK and the US. Founder and former CEO Svante Tegnér will continue as brand manager. (more…)
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.
The H&M Group’s sales including VAT increased by 14 percent in local currencies in June 2015 compared to the same month the previous year. H&M estimates the sales in June have been positively affected by calendar effects of approximately 3 percentage points. The total number of stores amounted to 3,642 on 30 June 2015 versus […]
Scandinavian shopping mall company Citycon has got the green light to proceed with its new major initiative Mölndal Galleria developed with the NCC. The construction of the new mall starts in August. More than half of the space is already leased and now it is clear that Ica will move into the new mall with a […]
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…)
H&M continues to report two-digit sales increases. And a weaker Swedish currency almost doubles the great numbers. (more…)
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.” […]
The H&M Group’s sales including VAT increased by 10 percent in local currencies in April 2015 compared to the same month the previous year. This according to a statement from H&M on Friday morning. The total number of stores amounted to 3,610 on 30 April 2015 versus 3,246 on 30 April 2014.
Only one of five Swedish companies reach their CRM goals according to a new survey. But Ica is the company that most people draw their inspiration from and look up to, followed by H&M and Åhléns. (more…)
Furniture chain Fagmøbler is the best service provider in Norwegian Retail. This according to Daymaker, who has performed and compared Mystery Shopping visits in 58 retail chains within ten categories. (more…)
The new center of Mölndal outside Gothenburg has experienced some problems on the way. But now, three years before opening, the new developer Citycon presents fifteen new tenants to Mölndal Galleria. (more…)
On Svensk Handel’s, the Swedish Trade association’s , annual meeting three new names were elected into the Board. The new board members are Ann Carlsson, CEO of Apoteket, Klas Balkow, President of Clas Ohlson and Leif Lindholm, CEO of Fresks and Gärdin & Persson. Fredrik Persson, Axel Johnson AB, was re-elected as Chairman. In addition […]
H&M continues to outperform the fashion market. In March, sales increased 10 percent. (more…)
H&M’s sales continue to rise – with a weaker Swedish currency, the fashion company increased its revenues in their first financial quarter by 25 percent. ”A very good start to 2015”, says CEO Karl-Johan Persson. (more…)
H&M had a great sales development in February and first financial quarter 2015. In Swedish currency, sales from December to February increased by 25 percent. (more…)
H & M goes all in in the Mall of Scandinavia. All new concepts will be housed in a 4,000 square meters flagship. In addition, Cos and & Other Stories take the step into the shopping center. (more…)
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 […]
The H&M Group’s sales including VAT increased by 14 percent in local currencies in January 2015 compared to the same month the previous year. The total number of stores amounted to 3,541 on 31 January 2015 versus 3,184 on 31 January 2014. This was reported on the company’s sales development report on Monday.
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 […]
H&M reports a sales increase 2014 of 14 percent in local currencies – and a 20 billion profit. Now the Swedish fashion chain will roll out stores and online stores on more markets – and a new beauty concept. (more…)
December has been a strong H&M-month for the past four years. This year, Christmas sales increased by 15 percent in local currencies. But for the next months H&M has some strong figures to beat. (more…)
The H&M Group’s sales including VAT increased by 10 percent in local currencies in November 2014 compared to the same month last year. In the fourth quarter of 2014, i.e. during the period 1 September to 30 November, sales including VAT increased by 11 percent in local currencies. Sales including VAT in the fourth quarter […]
The third and final stage of Utopia Shopping in Umeå opens in spring 2015. It’s the biggest stage and cover entire 6,656 square meters. Tenants who are ready for Stage 3 include O’Leary, USM and the New Yorker. Now, also H&M plans to open a special H&M Home store, the northernmost so far. (more…)
H & M is one of the big winners online next year. This according to an analysis by Citibank. (more…)
H&M has released its hyped Christmas video with Lady Gaga and Tony Bennett where they are performing “It Don’t Mean A Thing (If It Ain’t Got That Swing)”. But it’s just a short glimpse of the song. The campaign is announced as ”a thrilling fun adventure”, where an H&M family of supermodels and superstars celebrate […]
H&M now announces the launches new online markets for 2015 Belgium, Bulgaria, Czech Republic, Hungary, Poland, Portugal, Romania, and Slovakia are planned to be new online markets during 2015. 2015 H&M also plans to open their first stores in India, Peru, South Africa and Taiwan.
H%M hade a good sales development in October. For the full group, the sales including VAT increased by 14 percent in local currencies in October 2014 compared to the same month last year. The total number of stores amounted to 3,437 on 31 October 2014 versus 3,081 on 31 October 2013.
Fashion magazine Habit awarded Swedish fashion, concepts and people yesterday. And one Norwegian brand received a prize. (more…)
H&M-Chairman and majority shareholder Stefan Persson was awarded på UN Wednesday night. He received the Humanitarian of The Year Award for H&M:s long term work investing in women empowerment and sustainability. (more…)
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 […]
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 […]
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 […]
Scandinavian Retail is high ranked in the world. Among the nominees for World Retail Awards is H&M, IKEA and the Swedish Lidl-campaign for Dill restaurant. But some of the most interesting new retail concepts and online players come from down under and emerging markets. (more…)
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 […]
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 […]
