Fashion
Afound, H&M group's outlet chain, will open its first physical Dutch store in Utrecht early next year. Earlier this year, the company already opened an online marketplace in the Netherlands.
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The Swedish H&M chain is opening a store with a new concept in Berlin: a local hub, offering yoga and local brands. Moreover, the store also offers second-hand clothing from other brands and has a clothing borrowing service.
H&M has published its full results for the third quarter: for the first time in two years, the Swedish fashion group has seen a rise in its profits.
Yesterday, H&M Group announced that their budget fashion chain, H&M, which represents the majority of Group sales, will trial selling external brands and products. A major change of strategy.
In the third quarter, H&M Group recorded a 12% increase in sales. Taking into account constant exchange rates, the increase was 8%. And it was all thanks to a good summer.
Property
Swedish fashion chain H&M is on a mission to demand contracts with variable rents, which can go up or down depending on the store's turnover. However, the chain wants to deduct returns in that store, angering real estate owners.
Soon, shoppers at H&M stores will no longer have to pay right away: they can wait for up to two weeks after the purchase. The trend, which comes from the e-commerce world, looks set to conquer physical retail as well.
For the eighth quarter in a row, Swedish fashion chain H&M is reporting a decreasing profit, despite having achieved turnover growth. Management is now forced to take measures: there will be far fewer new stores than originally planned.
Six years after the Rana Plaza disaster in Bangladesh, working conditions for textile workers are still sub-par, the university of Sheffield concludes in a new report. Some major chains perform way better than others.
Swedish fashion chain H&M will reintroduce delivery costs for small orders, even to membership card holders. This way, the company hopes to save on logistical expenses and repair the group's profitability.
The Clean Clothes Campaign has lost a remarkable vote at the shareholder meeting of apparel chain H&M. The idea was for shareholders to contribute to the payment of living wages for textile workers.
Six years after the collapse of the textile factories in Rana Plaza, in Bangladesh' capital Dhaka, NGOs demand renewed attention for working conditions in low-wage countries. H&M leads the way, giving information about the production of each separate item of clothing.
H&M is about to begin the sale of second-hand items: the fashion group will launch this new project on the Swedish website of subsidiary & Other Stories. Other brands and countries will follow.
Some good news for H&M: the first quarter of 2019 saw far better profit results than expected. Margins are increasing again, as the Swedish fashion giant is no longer forced to offer so many discounts.
By 2030, H&M only wants to be working with sustainable fabrics. For that reason, they've already dropped cashmere and 95% of their cotton is recycled or sustainable.
Net profit at Swedish group H&M has gone down by 21.8 % in 2018: "due to logistical expenses", the chain says. Nevertheless, the investments seem to be fruitful as turnover has already increased by 5.2 %.
