Net sales at H&M in local currencies increased by 14 percent in the third quarter of 2021, while converted to SEK, net sales increased by 9 percent to 55,585 million Swedish krona. The company said in a release that the H&M group’s strong recovery continues with more full-price sales and good cost control. Sales development continued to be...
Sep 15, 2021
In celebration of nature and the wilderness, sustainable fashion retailer Arket has released The Nordic Outdoors collection, for both men and women. Shot in a Swedish landscape, the homeland of the company, items from the collection are featured among the environment they were made for. Pieces are made using natural and recycled materials,...
Sep 10, 2021
The H&M group’s net sales in local currencies increased by 75 percent in the second quarter compared with the corresponding period last year. Converted into SEK, the company said, net sales amounted to 46,509 million Swedish krona in the second quarter. Net sales in the six-month period increased by 12 percent in local currencies, while...
Jul 1, 2021
In the second quarter 2021, the H&M group’s net sales increased by 75 percent in local currencies compared with the corresponding period last year. The company said in a release that as a result of the strengthening of the Swedish krona the increase was 62 percent converted to SEK and amounted to 46,509 million Swedish krona. The company added...
Jun 15, 2021
Nordic lifestyle brand Arket has opened a new flagship store in Seoul on April 9. Located in a six-floor building at Garosugil 30, in the vibrant shopping and cultural district of Gangnam, the new 004023-940 store is Arket’s second physical destination in Korea. Based in Stockholm, Arket is a lifestyle destination with carefully made fashion...
Mar 24, 2021
Nordic lifestyle brand ARKET will open a new flagship store in Seoul on 9 April. Located in a six-floor building at Garosugil 30, in the vibrant shopping and cultural district of Gangnam, the new 0 0 4 0 2 3 - 9 4 0 store is ARKET’s second physical destination in Korea. Based in Stockholm, ARKET is a lifestyle destination with carefully made...
Mar 23, 2021
In the first quarter 2021, the H&M group recorded net sales decrease of 21 percent in local currencies compared with period between December 1, 2019 to February 29, 2020. Converted to SEK, the company said in a statement, the group’s net sales amounted to 40,060 million Swedish krona compared to 54,948 million Swedish krona. The company added...
Mar 15, 2021
Nordic fashion and lifestyle brand Arket is to open its first flagship store in Seoul, Korea on February 26. Located inside The Hyundai Seoul, a new department store in the centre of Yeouido, the new store will mark Arket’s first physical destination in Asia. Arket managing director, Pernilla Wohlfahrt, said in a statement: “We are very excited...
Feb 18, 2021
H&M-owned Arket has announced plans to open its first physical store in China this autumn. The flagship store will be located in Beijing and will stock a mix of the Stockholm-based brand’s wardrobe staples and seasonal fashion drops for both women and men. The store will also feature an Arket cafe and stock an assortment of beauty and home...
Jan 29, 2021
The H&M group’s net sales amounted to 187,031 million Swedish krona in the 2020 financial year. In local currencies, net sales decreased by 18 percent. The company said, sales development was significantly negatively affected by the pandemic, particularly in the second quarter when stores were temporarily closed in most markets; at the most,...
In the fourth quarter of 2020, the H&M group’s net sales decreased by 10 percent in local currencies compared with the corresponding period last year. For the full financial year, the company said in a statement that net sales decreased by 18 percent in local currencies. Converted to SEK the group’s net sales amounted to SEK 52,543 million...
Dec 15, 2020
H&M-owned Arket has announced plans to open its first store in South Korea next year. The new store will stock the Stockholm-based brand’s collections for men, women, children and the home, and comes after the label made its first expansion outside of Europe back in August when it opened a digital flagship store on Tmall. The brand will announce...
Oct 9, 2020
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