hennesmauritz news and archive

H&M continues expansion to aid recovery

Hennes & Mauritz on Thursday raised hopes of recovery in the European retail sector with its first jump in same-store sales for eight months. Shares in the Swedish group gained more than 8 per cent after it unveiled its December sales figures with better-than-expected fourth-quarter profits. The results suggested H&M could be turning the corner...

Fashion

H&M announce profit rise

H&M has reported a rise in sales and profits and sales for the three months to 31 August. Net profit for the third quarter rose 4.1% to 3.46bn Swedish crowns ($504m; £308m), from 3.33bn crowns last year. Sales, excluding sales tax, increased by 13% to 23.6bn crowns. However, the Swedish retailer said more recent sales had been more...

Fashion

Jimmy Choo for H&M

Autumn has never been this glamorous at H&M before. This year, British luxury label Jimmy Choo will bring a special limited collection to 200 selected H&M store across the globe. After infamous collaborations with designer brands such as Karl Lagerfeld, Matthew Williamson and Viktor&Rolf, it is the first time H&M is teaming up with an accessory...