H&M
This coverage examines H&M’s operations and performance within the UK retail sector. Reporting highlights store openings and closures, sustainability initiatives, marketing campaigns, collaborations, and changes to executive leadership — all with a focus on how these developments impact sales, brand positioning, and market share. The content is curated for retail managers, brand executives, and professionals navigating competitive fashion retail environments.
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Jan- 2024 -31 JanuaryNews
H&M announces new CEO as Q4 sales dip
H&M has today (31 January) announced the appointment of its new CEO, Daniel Ervér, as the group struggled to maintain profitability in Q4 2023. Former CEO Helena Helmersson has decided to step down after four years, saying that the role has been personally demanding, although leaving the position has not…
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Sep- 2023 -27 SeptemberClothing & Shoes
H&M profits surge 61% as cost-saving measures bear fruit
H&M has announced that its profit after tax rose 61% to SEK 7bn (£524m) for the nine months ended 31 August 2023. Furthermore, its gross profit increased to SEK 87bn (£6.5bn) which corresponds to a gross margin of 50.3%. The company’s operating profit increased to SEK 10.2bn (£764m), corresponding to…
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25 SeptemberNews
H&M makes U-turn over in-store return fee
H&M has recently decided not to charge customers a processing fee of £1.99 for online returns made in store, according to the BBC. Last week it was reported that customers were to pay the fee in order to return parcels both in store and online. Now, the retailer has updated…
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15 SeptemberClothing & Shoes
H&M net sales edge up 6% in Q3
H&M has revealed that its net sales rose 6% to SEK 60bn (£4.3bn) for the three months ended 31 August 2023. Alongside this the company stated that its net sales were up 8% when excluding Russia, Belarus and Ukraine. However, in local currencies, the company stated that its net sales…
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Aug- 2023 -18 AugustClothing & Shoes
H&M to phase out Myanmar suppliers after labour abuses probe
H&M has announced that it is planning to “gradually phase out” its operations in Myanmar following a report from the Business and Human Rights Resource Centre (BHRRC). The company launched an investigation H&M into 20 alleged instances of labour abuse following the report. The BHRRC tracked 156 cases of alleged…
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16 AugustClothing & Shoes
H&M probes Myanmar factory labour abuses
H&M has reportedly launched an investigation into 20 alleged instances of labour abuse at Myanmar garment factories, according to Reuters. This is in relation to a report by the non-governmental organisation, the Business and Human Rights Resource Centre (BHRRC) which is set to be released on Wednesday (16 August). The…
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Jul- 2023 -26 JulyClothing & Shoes
H&M sues Shein over copyright infringement
H&M is reportedly suing fast-fashion company Shein for copyright infringement in Hong Kong, according to Bloomberg News. Reports said that H&M first accused Shein of copying dozens of its designs back in 2021. Shein Group Ltd and Zoetop Business Co, a Hong Kong-based entity that previously owned Shein, are among…
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Apr- 2023 -21 AprilClothing & Shoes
H&M creates new youth destination with Weekday and Monki merger
H&M has announced plans to create a new youth destination by merging two of its portfolio brands, Weekday and Monki. According to H&M, the merger is aimed towards creating an “exciting, broadened experience, adapted to the young customers’ needs and preferences”. Additionally, it will also bring back its denim label…
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Mar- 2023 -30 MarchClothing & Shoes
H&M Q1 profit boosted by second-hand Sellpy platform
H&M has seen operating profit hit SEK 725m (£56.4m) in its first quarter of trading, up from SEK 458m (£35.6m) the prior year, boosted by the earnings of second-hand platform Sellpy. Sellpy, which is one of Europe’s largest second-hand platforms, has been consolidated into the group in the first quarter,…
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15 MarchClothing & Shoes
H&M Q1 net sales up 12%
H&M has announced that its net sales for the period between 1 December 2022 and 28 February 2023 rose 12% to SEK 5.4bn (£423.7m), compared with last year. In local currencies its net sales increased by 3% and excluding Russia, Belarus and Ukraine the increase was 16%in SEK and 7%…
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