Fashion retailer Monki has announced it has partnered with the BDD Foundation to support its efforts in raising awareness surrounding Body Dysmorphic Disorder (BDD) and the effect of altered imagery in social media. As part of the partnership, BDD has started a petition directed at the EU Parliament, calling for transparency regarding altered...
25 Nov 2021
For the first nine months, the H&M group’s net sales in local currencies increased by 13 percent compared with the corresponding period last year. Converted into SEK the group’s net sales amounted to 142,154 million Swedish krona. For the third quarter the H&M group’s net sales in local currencies increased by 14 percent, while converted into...
30 Sep 2021
Net sales at H&M in local currencies increased by 14 percent in the third quarter of 2021, while converted to SEK, net sales increased by 9 percent to 55,585 million Swedish krona. The company said in a release that the H&M group’s strong recovery continues with more full-price sales and good cost control. Sales development continued to be...
15 Sep 2021
The H&M group’s net sales in local currencies increased by 75 percent in the second quarter compared with the corresponding period last year. Converted into SEK, the company said, net sales amounted to 46,509 million Swedish krona in the second quarter. Net sales in the six-month period increased by 12 percent in local currencies, while...
1 Jul 2021
In the second quarter 2021, the H&M group’s net sales increased by 75 percent in local currencies compared with the corresponding period last year. The company said in a release that as a result of the strengthening of the Swedish krona the increase was 62 percent converted to SEK and amounted to 46,509 million Swedish krona. The company added...
15 Jun 2021
H&M Group-owned brand Monki has launched a new app with a focus on community interaction as well as offering inspiration and services to help customers make their clothes last longer. With a feature called M.IN.T Care, users can order wash, repair or redesign services directly from the app to help care for and repair their clothing. The app also...
8 Apr 2021
In the first quarter 2021, the H&M group recorded net sales decrease of 21 percent in local currencies compared with period between December 1, 2019 to February 29, 2020. Converted to SEK, the company said in a statement, the group’s net sales amounted to 40,060 million Swedish krona compared to 54,948 million Swedish krona. The company added...
15 Mar 2021
The H&M group’s net sales amounted to 187,031 million Swedish krona in the 2020 financial year. In local currencies, net sales decreased by 18 percent. The company said, sales development was significantly negatively affected by the pandemic, particularly in the second quarter when stores were temporarily closed in most markets; at the most,...
29 Jan 2021
In the fourth quarter of 2020, the H&M group’s net sales decreased by 10 percent in local currencies compared with the corresponding period last year. For the full financial year, the company said in a statement that net sales decreased by 18 percent in local currencies. Converted to SEK the group’s net sales amounted to SEK 52,543 million...
15 Dec 2020
H&M-owned brand Monki has announced the launch of a new recycling machine, the ‘Green Machine’, and has said it is the first brand to use the new technology to recycle mixed fibres on a large scale. The non-profit H&M Foundation and the Hong Kong Research Institute of Textile and Apparel (HKRITA) collaborated in creating the ‘Green Machine’....
17 Nov 2020
In the third quarter 2020, for the period June 1, 2020 to August 31, 2020, the H&M group’s net sales decreased by 16 percent in local currencies compared with the corresponding period last year. Converted to SEK, the company said in a statement, net sales decreased by 19 percent to 50,870 million Swedish krona (5,807 million dollars). The...
15 Sep 2020
Monki has announced the launch of its upcycled capsule denim collection. The capsule collection is made from the brand's own production remnants of organic cotton, including eco-friendly hardware and washing, and recycled threads and zippers. There are three key pieces of clothing: a tailored jacket with a belt, a tote bag and Yoko jeans. The...
8 Sep 2020
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