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Furniture

Ikea opens its own second-hand store

Ikea is to open a second-hand store, where only used and refurbished furniture from the home interior chain is sold. The new store concept is intended to help the Swedish retailer with its sustainability ambitions.

» Read more

H&M doubles its pre-coronavirus profits

Fashion

H&M doubles its pre-coronavirus profits

In the first quarter of its financial year (up to 29 February), H&M doubled its profits and increased sales by 8 %. Good news then, until the coronavirus hit the world: in March, turnover was halved.

» Read more

H&M sees sales drop

Fashion

H&M sees sales drop

Despite the coronavirus crisis, H&M recorded an increase in sales in the first quarter of the current fiscal year. In the second quarter, however, the fashion retailer expects to be heavily impacted by the spread of the virus throughout Europe.

» Read more

Helena Helmersson is H&M's new CEO

Fashion

H&M announces new CEO and turnover rise

Helena Helmersson has been appointed as new CEO of H&M, the Swedish fashion chain announced at the same time as its (good-looking) annual results. Her predecessor, Karl-Johan Persson, will be chairing the board of directors from now on.

» Read more

Beter Bed sees revenue rise again

Furniture

Beter Bed sees revenue rise again

Beter Bed seems to be doing better again now that the company is rid of its German subsidiary Matratzen Concord. In the fourth quarter, organic sales from continuing operations increased by 4.7%. 

» Read more

H&M publishes production chain

Fashion

H&M publishes production chain

Swedish retailer H&M wants to be more transparent about the origin of the clothing it sells, and will offer additional information about this on the website and the app.

» Read more

H&M continues to recover

Fashion

H&M continues to recover

Swedish fashion retailer H&M managed to increase its revenue by 9 % in the fourth quarter of its financial year. The strong investments that have been made in recent years, in order to adapt to the changing market, seem to be bearing fruit.

» Read more

H&M starts fashion rental service

Fashion

H&M starts fashion rental service

Swedish fast-fashion retailer H&M has opened a new flagshipstore in Stockholm, where it trials sustainable initiatives. The most remarkable one is a fashion rental service, but the store also features a repair service and a beauty salon.

» Read more

Investments reduce Ikea's profits

Furniture

Investments reduce Ikea's profits

Ikea has had to admit a 10 % profit drop this year, due to higher prices of raw materials and investments in new concepts. Nevertheless, the Swedish retail chain wants to continue to maintain a high level of innovation in the future.

» Read more

FNG gets green light for Ellos acquisition

Furniture

FNG gets green light for Ellos acquisition

Belgian fashion group FNG has completed the acquisition of Scandinavian e-commerce player Ellos. For the Belgian company, the acquisition predominantly means access to a new market: home decoration.

» Read more

First profit rise for H&M in two years

Fashion

First profit rise for H&M in two years

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.

» Read more

Ikea thanks strong growth to online acceleration

Furniture

Ikea owes strong growth to online acceleration

Last financial year, Ikea has managed to increase its retail turnover considerably. The group's online business is growing fast, while the number of visitors to its stores remains at the same level. The retailer is opening even more small shops and planning studios in large cities.

» Read more

Brantano parent acquires Swedish market leader

Fashion

Brantano parent acquires Ellos Group

FNG, known from Brantano and Miss Etam, is taking over the Swedish Ellos Group, a leading e-commerce player in fashion and interior decoration. A sum of 229 million euros is involved.

» Read more

Fashion

H&M launches outlet formula Afound in the Netherlands

Afound, the newest outlet and multi-brand formula created by the H&M group, is making its entry in the Netherlands. It will be the first market for Afound besides domestic Sweden.

» Read more

Fashion

H&M cuts expansion plans after new profit drop

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.

» Read more

H&M opened a new flagship store in Paris

Fashion

H&M is still growing, but for how long?

Swedish fashion giant H&M has seen growth for the fifth consecutive quarter, as turnover rose by 11 %. Still, there is much work left to be done, as the chain readily admits.

» Read more

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