Mauritz news and archive

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...

Fashion

H&M quarterly profits down

In the wake of announcing its Matthew Williamson collaboration, H&M this week reported a drop in sales of 5 per cent in local currencies. In February 2009, sales including VAT in local currencies increased by 1 percent compared to the same month last year. Sales in comparable units decreased by 8 percent. Negative calendar effects in February...

Fashion

H&M to create 7000 new jobs

Swedish clothing store H&M has revealed plans to create between 6,000 and 7,000 new jobs in 2009. Fourth-quarter profits at H&M were ahead of analysts' expectations. It reported a 14% rise in pre-tax profits to 7.11bn Swedish crowns ($891m; £623m). Annual profits were up 11% at SEK 21.19bn at the world's third-largest clothing retailer. However...

Fashion

H&M in Tokyo

Swedish fashion giant H&M took Tokyo by storm with the opening of its much anticipated first store. On Saturday 13th of September, the high street label opened the doors of its new flagship in shopping district Ginza. The opening of the store began with a ribbon cut by CEO Rolf Eriksen and Christine Edman, H&M’s country manager in Japan, which...

Fashion

H&M to push menswear

Swedish fashion concern H&M decided it is time for men to get more from fashion. The company is pushing its menswear to the next level and will focus on its men’s fashion at thirty stores worldwide. With a new ever-updated selection sold in a dedicated area, H&M is looking to give men access to high fashion for an affordable price. The first...