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Swedish fashion conglomerate, H&M, has recently undertaken a restructuring exercise which has led to job cuts in Singapore. This move comes as the retailer transfers its Southeast Asian hub from Singapore to Kuala Lumpur in Malaysia. The restructuring…
In the first fiscal quarter, Swedish fashion powerhouse H&M witnessed a decrease in sales, corresponding with a reduction in the total number of store locations. Sales Performance By the end of the quarter, which concluded on February 28, net sales were…
Despite limited sales growth and a reduction in store counts, H&M ended the year with robust profitability and stringent cost control. Q4 Performance The fourth quarter, concluding on November 30, saw a 2 percent increase in sales. This growth was achieved…
H&M is setting its sights on the vibrant youth demographic of the Philippines as a catalyst for its growth in Asia, according to Saed El-Achkar, the Regional Manager and CEO of H&M’s Greater China and East Asia Regions. With nearly 11 years of presence in the…
The Swedish fast-fashion behemoth, H&M, is set to broaden its reach in Ho Chi Minh City, a bustling retail hotspot in Vietnam, as a crucial part of its larger growth strategy for Southeast Asia. Expansion Plans for H&M in Vietnam According to local sources,…
In the third quarter of this year, Swedish fashion conglomerate H&M reported an operating profit increase of 40% to US$523 million, with its operating margin escalating from 5.9% to 8.6%. Key Factors driving the Increase The company attributed the favorable…
Gill Capital Group is making waves in the retail sector with its recent pilot of a generative AI-powered search agent and a virtual shopping assistant on H&M’s e-commerce platforms in Indonesia and Thailand. This initiative seeks to enhance the online…
In the fast-paced world of retail, brands often find themselves caught in a web of immediate consumer demands and long-term strategic planning. One company feeling the heat is H&M, which has recently made headlines for its sustainability initiatives and focus…
The Spanish fashion giant, Mango, has recently announced the addition of Helena Helmersson to its board of directors as an independent member. This move is designed to enrich the corporate governance of the company through a management approach directed by…
Cos, the fashion brand owned by H&M and renowned for its “Collection of Style,” is set to make its debut in India later this year. Store Location and Offerings The inaugural store will be situated in New Delhi, India’s capital. It will exhibit the brand’s…
The Persson family, one of Sweden’s wealthiest clans, has made quite the splash in the fashion world. Since 2016, they’ve poured over US$6.6 billion into H&M, claiming nearly two-thirds ownership of the brand. This move has sparked lively speculation about a…
H&M has launched an online store on Shopee in Singapore and Malaysia in preparation for its Super Brand Day. H&M’s engagement with e-commerce platform Shopee is part of the company’s continued efforts to digitalize and provide customers with an optimal…
H&M Indonesia today revealed outstanding results from its partnership with YOOBIC, the leading employee experience platform for frontline teams in the retail and hospitality spaces. Adopted across the global retailer’s more than 60 stores and 290 frontline…
H&M is investigating 20 alleged instances of labour abuse at Myanmar garment factories that supply the world’s second-largest fashion retailer, it told Reuters, just weeks after top rival Zara-owner, Inditex, said it was phasing out purchases from the…
H&M’ s two-storey Ion Orchard outlet is closing in March, after a run of more than a decade. Opened in 2012, the store’s last day of operations is on March 12, according to a Facebook post by the Swedish fast-fashion brand on Feb The post added: “But don’t…
H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton. Although it…
