H&M opens first store in New Zealand in October 201613
International Swedish retailer, Hennes & Mauritz, will open in New Zealand on October 1.
The new store will be located at Sylvia Park, Auckland, and span two storeys and 2,300 m². The new store will have men, women, youth and children's apparel and accessories. The H&M Studio collection...
H&M Q1 Profit Hit by Markdowns and Currency EffectsSTOCKHOLM, Sweden — Hennes & Mauritz, the world's No. 2 clothes retailer, posted a 30 percent drop in first-quarter pretax profit on Wednesday due to markdowns and a stronger U.S. dollar, although the results were slightly better than expected.
Sweden-based H&M had warned in January that...
H&M Studio shows its autumn–winter 2016–17 collection at Paris Fashion Week
Hennes & Mauritz's Ann-Sofie Johansson and Margareta van den Bosch were also present for the big night.
Music was composed by Nicolas Godin of Air, with his track, 'Mystery Lake', created especially for the show. A choir performed its track live at the venue.
The collection goes on sale in 200
Foreign Companies Bet on China's Consumers as Industry Slows
Coffee shop chain Starbucks , Sweden-based tissue maker SCA fashion group Hennes & Mauritz and fast-food seller McDonald's are seeing strong growth despite the economy expanding at its slowest pace since 2009 in the fourth quarter.
"The success we are enjoying in China is really kind of...
Everyone wants to dress like David Beckham, in spring 2016 H&M campaign24
David Beckham, in his ongoing collaboration with Hennes & Mauritz, has shot his latest campaign for his spring 2016 Modern Essentials Selected by David Beckham collection in Lisboa, Portugal. It is accompanied by a humorous film promoting the line, directed by Fredrik Bond.
News in brief: Hannah Jinkins wins H&M Design Award; Olivia Culpo endorses Osmosis Skincare She takes home a €50,000 prize along with a year's mentoring with Hennes & Mauritz, and the opportunity to develop her winning collection into a retail one for autumn 2016.
The final eight designers had a fashion show at the Orangery at Kensington Palace, where each presented four looks from...
Primark Expands on Rival Zara's Home Turf with Spanish Flagship Store
The building also houses Primark's nearest rivals — Mango, Hennes & Mauritz and Inditex's Lefties and, ironically, is owned by Inditex's founder, Amancio Ortega, the world's fourth richest man.
Around 300 people queued outside the store, with dancers wearing black "I love Primark"...
The China Edit | H&M Voices Confidence, 'Notorious' Taobao, Luxury Spending(Bloomberg)
"Hennes & Mauritz AB is approaching the opening of its 300th store in China as the Swedish retailer sees its brand of affordable clothes appealing to cost-conscious shoppers in the slowing economy."
"Alibaba Group Holding Ltd.'s Taobao shopping website should be put...
Gap's Loss of Old Navy Chief Brings New Storm to Retailer Adrift Larsson joined Gap in 2012 after almost 15 years at Hennes & Mauritz AB, a company famous for quickly reacting to fashion trends.
"Larsson is largely credited with leading the cultural and process improvements that have contributed to Old Navy's success," Brian Tunick, an analyst at RBC...
Ralph Lauren to Step Down as CEO, Hand Reins to Gap's Larsson Larsson, formerly at Hennes & Mauritz AB, drove sales at Old Navy with an operating model that systematically identifies trends, develops versatile fabrics for the products, tests the items in stores, then ramps up marketing and production. Comparable sales at Old Navy have outstripped the...
H&M Joins Uniqlo in Voicing Confidence Over China Amid SlowdownHONG KONG, China— Hennes & Mauritz AB is approaching the opening of its 300th store in China as the Swedish retailer sees its brand of affordable clothes appealing to cost-conscious shoppers in the slowing economy.
H&M will open more than 70 outlets in mainland China in the fiscal year...
H&M Profit Rises at Weakest Pace in Two Years on Garment CostsGENEVA, Switzerland — Hennes & Mauritz AB, Europe's second-biggest clothing retailer, reported its weakest quarterly profit growth in two years as the strength of the dollar raised garment costs.
Net income rose 0.2 percent to 5.31 billion kronor ($630 million) in the three months through...
Inditex First-Half Profit Rises on Zara Owner's Store Expansion
Unlike rival Hennes & Mauritz AB, which has a bigger reliance on dollar-denominated garments sewn in Asia, Inditex benefits from a stronger dollar.
The dollar was on average 24 percent higher against the euro during Inditex's first half.
By Rodrigo Orihuela; editors: Matthew Boyle,...
H&M Sales Growth Slumps to Two-Year Low Amid Hot German SummerSTOCKHOLM, Sweden — Hennes & Mauritz AB, Europe's second-largest clothing retailer, reported its slowest monthly sales growth in more than two years as soaring August temperatures in countries such as Germany weighed on demand.
Revenue in August rose 1 percent expressed in local currencies,...
Russian Fashion Market's Plunge Turns Heat on Global Brands Hennes & Mauritz AB opened its largest Russian store in Moscow's Aviapark, Europe's largest mall, on Tuesday. Debenhams debuted its flagship store there at the end of August.
The slowdown could serve to benefit retailers, as an over-supply of new retail space in Moscow leads to reductions
H&M Expands Program to Increase Pay for Asian Factory WorkersSTOCKHOLM, Sweden — Hennes & Mauritz AB, Europe's second-largest clothing retailer, is rolling out a more generous compensation program for its Asian suppliers to improve factory conditions and combat unrest in the countries that produce the majority of its apparel.
The Swedish retailer,...
Myanmar Sets $2.80 Daily Minimum Wage in Bid to Boost Investment
Companies that have pushed for creation of a minimum wage include giant Swedish retailer Hennes & Mauritz, which works with 13 factories in Myanmar, and U.S. retailer Gap Inc, which buys from two.
Once a thriving industry, Myanmar's garment sector was hit hard by sanctions imposed by the...
H&M Launches €1 Million Prize to Promote RecyclingSTOCKHOLM, Sweden — Hennes & Mauritz, the world's second-biggest fashion retailer, is launching a new effort to promote recycling as it seeks to cut its environmental impact, boost its ethical credentials and address looming shortages of raw materials.
The move comes as critics point out the...
H&M Teams With French Brand Balmain for Fall Designer CollectionPARIS, France — Hennes & Mauritz AB, Europe's second-largest clothing retailer, is teaming up with Parisian fashion label Balmain in its latest designer collaboration, offering high fashion at cut-rate prices.
"Balmain, like many traditional luxury brands, needs to appeal to a younger...
Olivier Rousteing, Kendall Jenner and Jourdan Dunn promote H&M
Hennes & Mauritz's next designer collaboration, on sale November 5, is with Balmain of Paris.
Founded by Pierre Balmain after World War II, the veritable house rode a high soon after launch, being the choice of Hollywood stars. Now under the creative direction of Olivier Rousteing, Balmain...