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H&M US to launch second hand service with ThredUp

Fashion retailer H&M US announced it has teamed up with ThredUp to launch its first resale scheme for the US market called “H&M Pre-Loved”. Via ThredUp’s Resale-as-a-Service (RaaS) program, the brand further pushes its efforts to establish circularity for itself and its customers by offering them easy access to second hand pieces that are still...

15 Mar 2023

Business

H&M posts sales increase of 12 percent

Net sales at H&M Group increased by 12 percent to 54,872 million Swedish krona in the first quarter, compared with the corresponding period last year. In local currencies, the company said, net sales increased by 3 percent. Excluding Russia, Belarus and Ukraine the increase was 16 percent in Swedish krona and 7 percent in local currencies. The...

15 Mar 2023

Fashion Featured

PETA pressures H&M to reveal down suppliers

H&M has come under scrutiny for where it sources down from, used primarily for products like puffer jackets and outerwear. The need for transparency comes as PETA Asia recently led an investigation which saw a down supplier in Vietnam not adhering to international animal welfare regulations. PETA uncovered cruelty and suffering caused to ducks...

10 Mar 2023

BusinessFeatured

Ganni, Reformation, and Patagonia join Rubi pilot to decarbonise fashion

California start-up Rubi, which is pioneering carbon-negative cellulosic textiles, has secured an additional 8.7 million US dollars in funding and announced it has signed up fashion brands Ganni, Reformation, H&M, Patagonia and rental platform Nuuly to its initial strategic pilot project. The latest round of funding was led by Talis Capital,...

2 Mar 2023

Fashion Featured

H&M’s next designer collaboration is with Mugler

Swedish fashion chain H&M has confirmed that its next designer collaboration will be with the House of Mugler, launching in spring. In a short statement, H&M said that the Mugler H&M collection would be crafted under the direction of Mugler’s creative director Casey Cadwallader and will “encapsulate the unique and vibrant spirit of Mugler”....

22 Feb 2023

Business

H&M Group establishes joint venture to drive used textile sorting

H&M Group has announced a new joint venture with Remondis through the launch of a circular textile initiative, Looper Textile Co. The duo will own equal parts of the organisation, with H&M hoping to participate “more directly” in the development of circular fashion infrastructure, a press release stated. Meanwhile, the launch further builds on...

16 Feb 2023

Retail

H&M confirms four more UK store closures

H&M has confirmed media reports that it is closing a further four of its stores in the UK as part of a wider reorganisation of its physical estate. The Swedish fashion giant launched a cost-cutting programme last year which would result in 1,500 job losses globally. Responding to media reports that the company will close stores in Burton,...

1 Feb 2023

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,...

27 Jan 2023

Business

H&M, Inditex and Mango among retailers establishing textile waste association

Decathlon, H&M, Ikea, Inditex, Kiabi, Mango and Tendam have partnered to create the Association for Textile Waste Management, with the aim of managing clothing and footwear waste generated in the Spanish market. Through association with the Collective System of Extended Producer Responsibility (SCRAP) legislation, the group wants to boost...

13 Jan 2023

BusinessFeatured

H&M, Zara and Gap among brands found to be unfairly treating Bangladesh suppliers

A new report by Transform Trade has found a number of major high street fashion retailers to be paying and treating their Bangladeshi suppliers “unfairly”. The likes of H&M, Gap, Next, Primark and Zara are among the brands named for paying factories below the cost of production. Entitled ‘Impact of Global Clothing Retailers’ Unfair Practices on...

9 Jan 2023

Fashion

H&M Move gets support from football legend Nadia Nadim

Activewear brand H&M Move, launched by fashion group H&M at the beginning of August 2022, was able to win professional football player Nadia Nadim for its team, welcomed by professional footballer Zlatan Ibrahimović. “We are excited to welcome Nadia on our mission to showcase the many benefits movement brings as an individual, community or team....

9 Jan 2023

Business

H&M opens Roblox experience allowing users to create virtual garments

Fast fashion giant H&M has taken to open world platform Roblox with the launch of its ‘Loooptopia Experience’, a digital extension of its Looop recycling programme. Developed alongside metaverse studio Dubit, the space features a range of “engaging” environments, mini-games, styling sessions and events, among other things. Three alternate worlds...

5 Jan 2023