Content about H&M

May 13, 2013
Corporate watchdog calls out Gap, lauds H&M, Zara

European apparel retailer H&M and Inditex, parent company of fashion retailer Zara, are signing on to the Bangladesh Fire and Building Safety Agreement, an independent, legally-binding agreement to guarantee safe working conditions in the Bangladeshi garment industry.

European apparel retailer H&M and Inditex, parent company of fashion retailer Zara, are signing on to the Bangladesh Fire and Building Safety Agreement, an independent, legally-binding agreement to guarantee safe working conditions in the Bangladeshi garment industry. 

H&M is a top purchaser of garments from Bangladesh, and hopes that the agreement leads to “far-reaching improvements in working conditions.” 

May 13, 2013
Corporate watchdog calls out Gap, lauds H&M, Zara

European apparel retailer H&M and Inditex, parent company of fashion retailer Zara, are signing on to the Bangladesh Fire and Building Safety Agreement, an independent, legally-binding agreement to guarantee safe working conditions in the Bangladeshi garment industry.

European apparel retailer H&M and Inditex, parent company of fashion retailer Zara, are signing on to the Bangladesh Fire and Building Safety Agreement, an independent, legally-binding agreement to guarantee safe working conditions in the Bangladeshi garment industry. 

H&M is a top purchaser of garments from Bangladesh, and hopes that the agreement leads to “far-reaching improvements in working conditions.” 

March 25, 2013
H&M proves to be a fashionable destination

H&M is the fashion retailer that consumers reported visiting for the first time most often, followed by Kohl’s, Macy’s, Abercrombie & Fitch and Forever 21.

BOULDER, Col. — H&M is the fashion retailer that consumers reported visiting for the first time most often, followed by Kohl’s, Macy’s, Abercrombie & Fitch and Forever 21.

That’s according to a survey of 4,000 consumers by Market Force Information, a global customer intelligence solutions company, which found that 39% had tried a new retailer in the past three months, an increase from 32% in 2011 and 14% in 2010.  

December 6, 2012
H&M pushes sustainability agenda & customers into stores

H&M will become the first fashion company to roll out garment collecting in select stores worldwide as part of their sustainability initiative.

STOCKHOLM — H&M will become the first fashion company to roll out garment collecting in select stores worldwide as part of their sustainability initiative.

December 6, 2012
H&M pushes sustainability agenda & customers into stores

H&M will become the first fashion company to roll out garment collecting in select stores worldwide as part of their sustainability initiative.

STOCKHOLM — H&M will become the first fashion company to roll out garment collecting in select stores worldwide as part of their sustainability initiative.

October 19, 2012
H&M makes matching chic for families

H&M is hoping to take some of the stigma out of matching family attire with a new line that promises to offer coordinated pieces without compromising individual style.

H&M is hoping to take some of the stigma out of matching family attire with a new line that promises to offer coordinated pieces without compromising individual style.

The retailer's "Fashion Family" collection will launch on Oct. 22 with chic items as textured jackets, skinny trousers and metallic minis for mom, party dresses and textured jackets for girls, suits, leather jackets and sweaters for dad, and long-sleeve tees, fedoras and sunglasses for boys.

October 9, 2012
H&M joins NYC skyline with Times Square store

H&M will cement its place in New York City with the opening of its 13th store in Times Square.

NEW YORK — H&M will cement its place in New York City with the opening of its 13th store in Times Square.

The retailer has announced the lease signing for a 42,500 sq. ft. space that will become part of the NYC skyline, complete with 70 ft. by 70 ft. signage at the top of the store.

The store will feature three floors housing collections for ladies, men and children.

March 29, 2012
New retail chain coming from H&M

Fans of H&M will soon have a new place to shop as the Swedish fashion retailer Hennes & Mauritz AB confirmed Thursday that it will open a new chain in 2013 that will build on the 2007 launch of its upscale Collection of Style (COS).

STOCKHOLM, Sweden — Fans of H&M will soon have a new place to shop as the Swedish fashion retailer Hennes & Mauritz AB confirmed Thursday that it will open a new chain in 2013 that will build on the 2007 launch of its upscale Collection of Style (COS). No name for the new concept has been revealed yet.

January 27, 2012
H&M profit drops in Q4, still on track to open 275 stores

Swedish fast-fashion retailer Hennes & Mauritz reported Thursday that net profit for the fourth quarter dipped to $997.2 million from $1.1 billion in the year earlier period.

STOCKHOLM, Sweden — Swedish fast-fashion retailer Hennes & Mauritz reported Thursday that net profit for the fourth quarter dipped to $997.2 million from $1.1 billion in the year earlier period. Sales in December, the first month of H&M's fiscal first quarter, were up 13% year-on-year in local currencies, against a forecast 12%. Same-store sales were up 4%.

September 29, 2011
H&M Q3 profit falls 15%, to add 265 stores

Hennes & Mauritz AB reported Thursday that profit for the third quarter fell 15% to $533 million, from nearly $621 million in the year-ago period.

Stockholm, Sweden -- Hennes & Mauritz AB reported Thursday that profit for the third quarter fell 15% to $533 million, from nearly $621 million in the year-ago period. The Swedish fashion retailer cited rising procurement costs, marketing investments and a bump-up in new-store expansion for the decrease in profit.

H&M said it will add 265 new stores, up from the 250 previously planned, and will make market debuts in Indonesia and Thailand.

June 22, 2011
H&M profit drops 18% on high costs

Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.

STOCKHOLM, Sweden -- Hennes & Mauritz AB reported Wednesday that net income for its 2Q dropped 18% to $673 million, from $817 million in the year-ago period.

The Swedish fashion retailer blamed higher procurement costs and promotional offers for the lagging performance.

Sales edged up to $5.1 billion from $4.96 billion in the prior year quarter, but gross margin shrank to 61.7% from a previous 65.9%.

March 31, 2011
H&M profit falls 30%

Hennes & Mauritz AB Thursday reported that its net profit in the first quarter fell 30% from a year earlier on “significantly higher” cotton prices, higher transportation costs and a stronger Swedish krona.

NEW YORK -- Hennes & Mauritz AB Thursday reported that its net profit in the first quarter fell 30% from a year earlier on “significantly higher” cotton prices, higher transportation costs and a stronger Swedish krona. The chain said profit in the quarter ended Feb. 28 fell to 2.62 billion Swedish kronor ($414 million).