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Retail

COS to launch its first store in Iceland

COS, one of the brands under the H&M Group, has announced its plans to enter the Icelandic market, with a store in the country’s capital, Reykjavík, set to open later this year. The announcement was made on H&M’s website, but no further details were given about the store or its launch date. The first COS store opened in the UK in 2007. Since...

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Retail

H&M to test retail concepts in more stores in 2019

Hennes & Mauritz (H&M) has introduced a series of new features and services to some of its shops in 2018, including self-service checkout, repairing services and a café called It’s Plet. In 2019, not only will these changes will be rolled out to more stores around the world, but the fast fashion retailer is aiming to conduct some more tests and...

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Business |BACKGROUND Featured

​What’s next for the Bangladesh Accord? Q&A

Five years on from one of the most tragic industry accidents to date at Rana Plaza, which saw more than 1100 people lose their lives, and the inspectors working to improve the safety of the textile factory workers might have to leave Bangladesh. An eviction of the Bangladesh Accord - which was set up by more than 200 apparel companies to improve...

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Business

Stora Enso joins H&M and Ikea in TreeToTextile project

Finnish pulp and paper manufacturer Stora Enso has joined The H&m Group, Inter Ikea Group and SunPine founder Lars Stigsson in their joint venture TreeToTextile AB. The project aims to develop new textile fibres from renewable forest raw materials, at attractive costs. All four partners have an equally big stake in the company. Stora Enso has...

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Report

H&M says full year sales increased by 5 percent

The Hennes & Mauritz AB (H&M) group said that the company continued to grow globally during 2018 in a rapidly changing fashion industry. The H&M group said in a statement that sales including VAT increased by 5 percent to 244,266 million Swedish krona (26,988 million dollars) in the financial year of 2018. Sales excluding VAT increased to...

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Video

Video: H&M, Cambodia, and living wages in textile and footwear factories

Today’s video covers some diverse territory, from Cambodia, living wages, and H&M, to the Clean Clothes Campaign, a Cambodian NGO called the Centre for Alliance of Labour and Human Rights (or CENTRAL), Better Factories Cambodia, and an organisation called Better Buying. Source: FSWIR, YouTube.

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Retail

H&M teams up with cult brand Eytys for unisex collection

H&M has announced that it will be teaming up with cult footwear brand Eytys to release a unisex collection of shoes, clothing and accessories that will be available in selected stores worldwide and online from 24 January 2019. The Eytys x H&M line will see the two Swedish names collaborating on a selection of genderless sneakers, shoes and boots...

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Business

Inditex vs H&M: who's growing more?

The H&M Group and Inditex are two of the world's biggest fast fashon giants. Who's growing more? In an effort to keep its market position, the Swedish chain has been updating its logistics systems to improve on lead time. However, the changes so far have only lead to a huge increase of costs of up to SEK 400 million (35 million pounds), which is...

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Business

H&M group hosts Fair Living Wage summit

H&M has gathered the textile and fashion industry together at the Fair Living Wage Summit 2018 in Phnom Penh, Cambodia, to discuss how to achieve fair living wages in fashion’s global production markets. The event, which takes place today, December 11, coincides with the Swedish fashion group’s self-imposed deadline for the implementation of a...

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Fashion Featured

Fashion giants sign UN charter to fight climate change. Will it work?

Can the biggest players in the fashion industry unite to stop global warming? The United Nations thinks so. During a conference in Katowice, Poland, UN Climate Change has announced the launch of the Fashion Industry Charter for Climate Action, a series of targets with the aim to reduce greenhouse gas emissions by 30 percent by 2030 and achieve...

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Fashion Featured

H&M opens more stores, but profits dwindle

2018 has been an eventful year for the H&M Group. While the conglomerate had a rough start with a profit drop of almost 60 percent in Q1, sales picked up gradually, and the year ended with a successful collaboration with Moschino. However, the group is streamlining its business, having announced last week the closure of its affordable casual...

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ManagementFeatured

Leading fashion chains join the “Swedish textile initiative for climate action"

To achieve key sustainability goals, leading Swedish fashion chains such as H&M, Kappahl, Peak Performance among others, have joined hands with The Sustainable Fashion Academy for the "Swedish textile initiative for climate action" (STICA). Through this initiative, these apparel companies would focus on reducing their climate impact by at least...

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