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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Apr- 2020 -9 AprilClothing & Shoes
H&M signs new £859m credit facility to strengthen liquidity amid Covid-19
Swedish clothing retailer H&M has revealed it has signed a new €980m (£859m) revolving credit facility as it looks to strengthen its liquidity amid the coronavirus outbreak. H&M said it is a 12 month deal with a six months extension option and is in addition to the company’s undrawn €700m…
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Mar- 2020 -17 MarchClothing & Shoes
H&M sales increase despite being ‘negatively impacted’ by Covid-19
Fashion retailer H&M has reported a rise in sales in its first-quarter results, despite being “negatively impacted” by the outbreak of Covid-19. For the period ended 1 December 2019, H&M reported an 8% increase in net sales to SEK 54,988m (£46,609m) compared with £51m in the year prior. H&M said…
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5 MarchClothing & Shoes
H&M launches global supply chain initiative
H&M announced it will be launching a new initiative to provide other retailers access to its global supply chain, in what it says is a bid to “accelerate sustainable change”. The initiative, entitled Treadler, will begin to offer access to its global supply chain as a service to external companies…
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4 MarchSupply Chain
H&M to shutter Stoke-on-Trent warehouse placing 500 jobs at risk
H&M is reportedly set to close its warehouse in Stoke-on-Trent with plans to relocate its distribution to a new site. According to the BBC, the move may place around 500 jobs at risk after XPO Logistics, which runs the Stoke warehouse confirmed the clothing retailer plans to open a new…
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Feb- 2020 -26 FebruaryPeople Moves
Former H&M US president joins Forever 21 as its new CEO
Authentic Brands Group (ABG) has appointed former H&M US president Daniel Kulle as the new CEO of Forever 21. ABG called Kulle a “visionary, dynamic, and inspirational executive” with over 20 years of experience coaching top teams and driving growth in the highly competitive fashion industry. He was most recently…
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Dec- 2019 -17 DecemberHigh Street
H&M sales rise in Q4
Fashion retailer H&M has reported a 9% increase in net sales to SEK61,704m (£4.98m) for the three months to 30 November 2019. Despite the sales growth, H&M said sales development for the quarter compared with the previous year was affected by Black Friday falling at the end of November. H&M…
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Oct- 2019 -3 OctoberClothing & Shoes
H&M Q3 profits spike 25%
H&M has reported a 25% spike in net profits during Q3, which it attributed to “continued development of more full-price sales and reduced markdowns”. In the three month period ending 31 August, the Swedish clothing retailer said profit before tax increased to SEK 5bn (£410m), ahead of analysts expectations of…
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Sep- 2019 -9 SeptemberEconomy
H&M battles with landlords over rents
Fashion retailer H&M is battling with landlords over rent reductions, which could potentially see property owners bear the cost of the rising number of returned clothes. According to a report from The Times, the retailer is pushing for “total occupational deals” where it discusses with landlords a sum linked to…
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Jun- 2019 -18 JuneHigh Street
H&M sales jump 11% in Q2 results
Fashion retailer H&M has reported an 11% increase in net sales to 57.4bn in Swedish kroner (£4.8bn) in its Q2 results, compared with the sales rise of 2% seen during the same period last year. It is the fifth straight quarter of consistent sales growth for the company, but despite…
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Nov- 2018 -28 NovemberClothing & Shoes
H&M to scrap Cheap Monday brand leaving 80 jobs affected
H&M has announced it is to close down its Cheap Monday brand blaming “a negative trend in the Cheap Monday’s sales and profits over a long time”. The fashion retailer said the fashion industry is “in a period of extensive change as a result of ongoing digitalisation” and as such…
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