Hennes & Mauritz AB (H&M) group’s net sales increased by 3 percent in the second quarter to 59,605 million Swedish krona. In local currencies net sales also increased by 3 percent. Sales for the month of June are expected to decrease by 6 percent in local currencies with unstable weather in many of the H&M group’s large markets at the start of...
27 Jun 2024
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
New York - Fashion retailer H&M (HMb.ST) said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter. “The local team has taken a range of action and is in close dialogue with all colleagues”, an H&M...
26 Jan 2020
New York - Hennes & Mauritz Group (H&M) reported a 6 percent increase in local-currency sales for the second quarter. However, many analysts covering the Swedish fashion retailer’s shares warned about the company’s mounting excess of inventory and pressing margins could worsen in the second half of 2019. H&M said Monday local-currency sales over...
17 Jun 2019
New York - The world’s second largest fashion retailer saw sales rise for the fourth consecutive quarter. However, Hennes & Mauritz AB revenue growth slowed down in April and May despite the Swedish clothing group’s attempts to reduce a buildup of inventory that’s been weighing on earnings and unsettling investors. Hennes & Mauritz Group said...
Hennes & Mauritz (H&M) has introduced a series of new features and services to some of its shops in 2018, including self-service checkout, repairing services and a café called It’s Plet. In 2019, not only will these changes will be rolled out to more stores around the world, but the fast fashion retailer is aiming to conduct some more tests and...
14 Jan 2019
Online shoppers living in Berlin can now receive their H&M orders just a few hours after the purchase. The Swedish fast fashion giant chose the German capital to test its new same-day delivery service. Orders placed by 10:00AM on H&M’s German website, with a delivery address located in Berlin, are now shipped the same day between 7:00 PM and...
18 Jul 2018
Wherever you live, whoever you are, the sun rises and the sun sets. Welcome to the one-stop shop for all your summer days and stylish escapes. Source: H&M, YouTube.
18 May 2018
London-based designer Erdem Moralıoğlu is the latest designer to team up with Swedish fast-fashion retailer H&M for its annual designer collaboration. Moralıoğlu follows in the footsteps of Karl Lagerfeld, Versace, Marni, Isabel Marant, Lanvin and most recently Kenzo, in teaming up with H&M to create a capsule collection for the mass-market...
13 Jul 2017
H&M Chairman Stefan Persson has invested about 538 million dollars in acquiring 20.6 million additional shares in the company this year. Data from the Swedish Financial Supervisory Authority cited by Bloomberg show that Persson’s combined H&M stake - owned by his investment company Ramsbury Invest AB and his children - now stands at 39.7...
25 May 2017
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. The total number of stores amounted to 3,649 on July 31, 2015 against 3,314 on July 31, 2014. Percentage sales development for the month of August and total revenue in SEK for the third quarter will be...
17 Aug 2015
Swedish fashion apparel retailer Hennes & Mauritz is set to a star year: after reporting its strongest annual profit in eight years, H&M will be conquering the market in Latin America, Asia and the US. Hennes and Mauritz AB (H&M) reported Wednesday its steepest gain in annual profit since 2007. Karl-Johan Persson, CEO at H&M spills the beans on...
29 Jan 2015
