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An Instagram call has revealed a designer collaboration by Swedish fast-fashion brand H&M and Moschino. Projected on digital screens at the Italian fashion brand’s annual party in Coachella, California, the Instagram conversation was between US model Gigi…
Swedish fashion retailer H&M will launch an off-price marketplace later this year featuring discounted fashion and lifestyle brands, both external and those from the H&M group. Afound, which will be introduced as a new brand, will be launched both online and…
Swedish fashion retailer H&M has posted a decline in its first quarter profit and has warned that it may need to cut prices to clear unsold stock. H&M posted a 61 per cent drop in profit for the three months to February. Pretax profit fell to 1.26 billion…
Despite losing popularity with American teenagers and a drop in brand value of 41 per cent, Nike is still way out in front in the Brand Finance Top 50 list of the most valuable apparel brands in the world. In the list, just been release by the independent…
H&M China launched on Chinese e-commerce platform Tmall, complementing the Swedish clothing retailer’s 400-plus physical stores and HM.com Shop Online. “We are very happy to extend our collaboration with Alibaba by launching H&M and H&M Home on Tmall,” says…
Surging online sales have boosted Zara parent’s Inditex’s net profit in the past fiscal year by 7 per cent. Inditex, which also owns brands including Pull & Bear, Bershka and Massimo Dutti, reported an increase in net profit for the 12 months ending January…
With store openings and competitive pricing, H&M India has upped its turnover 94.5 per cent in India for the year to the end of November. The Swedish fast-fashion retailer’s turnover reached INR955 crore (US$148 million) for the 12 months. Its growth follows…
The apparel industry has a big problem. At a time when the economy is growing, unemployment is low, wages are rebounding and consumers are eager to buy, Americans are spending less and less on clothing. The woes of retailers are often blamed on Amazon.com…
Stung by a profit slump, the H&M group is pinning its hopes on China by launching a store on Alibaba’s Tmall next month. As well, the Swedish fast-fashion retailer is targeting India, Saudi Arabia and the UAE with new digital stores this year. Releasing its…
Japanese “dollar store” chain Daiso is about to enter the Israeli retail market, to be run by the Union Group, the franchise holder for Cos and H&M in Israel and the official importer for Toyota and Lexus. Founded in 1977, Daiso will be competing in Israel…
Japan’s Fast Retailing plans to launch its Uniqlo clothing brand in Sweden with an initial store in Stockholm this year. Taking on its rival H&M in its home market, it marks the cut-price brand’s debut in the Nordic region. Uniqlo has fewer than 70 stores in…
Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real…
Swedish fast fashion chain H&M has apologised for featuring a black child modelling a garment with the text “coolest monkey in the jungle”, also removing the advertisement and item from stores. H&M was forced to apologise following widespread backlash from…
H&M Vietnam is opening its third store, at Ho Chi Minh City’s Vincom Mega Mall Thao Dien. The fast-fashion outlet will open on January 27 with limited-edition gifts for its first customers. The Swedish brand arrived in Vietnam four months ago, launching at…
Blending fashion and practicality, H&M activewear is using sustainable materials in its latest collection. With the theme “In it for the long run”, the Swedish fast-fashion brand’s collection includes tights, sports bras, hoodies and tops for training,…
It is normal practice to use Tmall to test the Chinese market. Is H&M tinking of using Tmall to replace its physical stores? As inventories rose and sales tanked in the fourth quarter, H&M announced it is picking up the pace on a transformation plan. Q4 sales…
