Hennes Mauritz news and archive

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,...

Business

H&M's data leak in Germany "in legal examination"

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...

Business

Analysts covering H&M warn about high inventory and mounting foreign sourcing pains

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...

Business |ANALYSIS Featured

H&M needs to regain investors trust after Q2 results fuel concerns on margin pressure

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...

Retail

H&M to test retail concepts in more stores in 2019

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...

Retail

H&M opens first store in Ukraine

H&M has entered the Ukrainian market. The fast fashion brand’s very first store in the country opened last Saturday, August 18. Spanning over 2900 square meters, the store offers a selection of fashion and accessories for men, women and kids, as well as homeware items from the brand H&M Home. “We have been waiting for this day for a long time...

Retail

H&M tests same-day delivery in Berlin

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...

Fashion Featured

H&M taps Erdem for it's Newest Designer Collaboration

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...

Business

H&M chairman capitalises on the stock’s slump to buy 538 million dollars in shares

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...

Business |REPORT

H&M July sales increase 16 percent

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...

Business |ANALYSIS Featured

Strong dollar turns expensive for H&M over second quarter

Ever strong dollar is making things expensive for H&M, as the Swedish retailer warned earlier this week it expects the strong American currency to translate into rising sourcing costs throughout the year after it hurt second-quarter profits. The world's second-biggest fashion retailer, said it suffered in the March-May quarter from higher input...

Business |ANALYSIS Featured

H&M takes the world by storm after strongest profit since 2007

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...