Autumn Collections Drive 40% Uptick In H&M’s Q3 Operating Profit
The company says that sales development in September 2025 should be seen in the light of high comparative figures from last year
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H&M Strengthens Presence In India With 2 New Stores
- by BW Retail World Bureau
- November 27, 2024
Both stores have been launched just in time for the holiday season, featuring H&M’s exclusive Holiday Collection H&M India, the global fashion chain, opened its second store in Dehradun, located at the Mall of Dehradun, Mohkampur, and simultaneously launched its first-ever store. These additions mark H&M’s 64th and 65th stores in the country, respectively, […]
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H&M CEO Unexpectedly Resigns, Shares Slide On Sales Woes
- by BW Retail World Bureau
- February 1, 2024
H&M’s CEO resigned unexpectedly on Wednesday and business veteran Daniel Erver took over with immediate effect, as the Swedish apparel brand battles to increase sales and profitability. Shares in the Swedish fashion store fell 8 per cent after outgoing CEO Helena Helmersson announced her decision to quit the firm after four years in charge, describing the post […]
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H&M To Close 25% Of Spanish Stores, Lay off 588 Workers
- by BW Retail World Bureau
- January 27, 2024
H&M on Friday said that it plans to close down more than a quarter of its stores and lay off as many as 588 workers in Spain, Reuters reported. The company will lay off employees for undisclosed organisational, productive, and economic reasons, according to a joint statement from unions CCOO and UGT. H&M operates 91 […]
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H&M Pulls School Uniform Ad After Criticism, Campaign Featuring Young Girls Drew Flak
- by BW Retail World Bureau
- January 23, 2024
Swedish fashion giant H&M faced backlash and subsequently withdrew an advertisement for school clothing in Australia that critics argued ‘sexualised young girls.’ The campaign, which featured two girls in school uniforms and the tagline “Make those heads turn in H&M’s Back to School fashion,” sparked widespread criticism on social media. The company responded to the […]
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Zara Expands Second-Hand Clothing Service To 15 European Countries
- by BW Retail World Bureau
- December 7, 2023
Zara, the Spanish fashion retailer on Tuesday said that it is scaling to sell, repair pr donate second-hand clothes in some European countries from 12 December as the market for used clothes is growing. The ‘Pre-Owned’ service is currently accessible in the United Kingdom and France via Zara’s physical stores, its online platform, and a […]