H&M news and archive

Arket enters Italian market with first flagship in Milan

Nordic lifestyle brand Arket on Tuesday opened its first Italian store in Milan. The 1,000 square metre flagship occupies two floors of the historic Medelan Building on Piazza Cordusio, formerly the headquarters of Credito Italiano bank. The store's design marries Arket’s signature monochrome aesthetic with elements inspired by Italian...

Retail

Despite sales dip, momentum builds at H&M as new strategy pays off, expert says

H&M’s lacklustre sales after missing quarterly earnings forecasts, may not be as dire as reports would suggest. With inflation easing, the second half of 2024 will present the retailer with new opportunities. Robyn Duffy, senior analyst for consumer markets at RSM UK, told FashionUnited: “Despite unfavourable weather in Europe, sales momentum is...

ManagementFeatured

H&M reports Q2 results, expects June sales to decline

Hennes & Mauritz AB (H&M) group’s net sales increased by 3 percent in the second quarter to 59,605 million Swedish krona. In local currencies net sales also increased by 3 percent. Sales for the month of June are expected to decrease by 6 percent in local currencies with unstable weather in many of the H&M group’s large markets at the start of...

Fashion |Opinion Featured

With 61.8m Zara items on sale at Vinted, is circular fashion in trouble?

The substantial presence of 61.8 million Zara garments on Vinted, the popular online secondhand marketplace, presents a complex picture of consumer behaviour, fast fashion, and sustainability efforts in the retail sector. Similarly, the platform lists 59.7 million H&M items, 21.8 million Shein pieces, 21 million Primark items and 10.2 million...

BusinessFeatured

H&M Group invests in Rondo Energy to further strengthen their climate strategy

Swedish fashion giant H&M Group is partnering with Rondo Energy, a leading provider of zero-carbon industrial heat and power, to research the potential of applying heat storage technologies in its supply chain. In addition, H&M is also investing in Rondo and joining its strategic investor advisory board (SIAB) to further assist Rondo in...

Fashion

H&M partners with Ev Bravado & Téla D'Amore for a Jean-Michel Basquiat inspired collection

H&M has partnered with New York-based fashion designers Ev Bravado and Téla D'Amore for its latest collaborative collection that examines the legacy of the late Jean-Michel Basquiat and his impact on young Black creatives. Listed as semi-finalists for the 2024 LVMH Prize and finalists for the 2023 CFDA/Vogue Fashion Fund, Ev Bravado, and Téla...

Fashion

H&M presents first mini collection made from regenerative cotton

Fashion brand H&M presented the first garments made from regenerative cotton yesterday. The six-piece H&M Studio mini summer capsule collection channels the holiday mood and includes two maxi dresses, two kaftans, and a bralette with matching flared skirt. “Each piece has been made using Regenerative Organic Certified cotton,” assures H&M in a...

Fashion Featured

Fashion giants join forces to decarbonise supply chains

Leading fashion brands are collaborating on an innovative financing initiative to accelerate the decarbonisation of their global supply chains, which account for an estimated 99 percent of the industry's total greenhouse gas emissions. The Future Supplier Initiative, facilitated by The Fashion Pact in partnership with the Apparel Impact...

Business

H&M closes Berlin innovation lab Beyond

H&M is ending the activities of H&M Beyond in the German capital. This was confirmed by the Swedish clothing group at the request of FashionUnited on Thursday. Oliver Lange, the previous manager of the project, reported the cancellation of the project at the end of last week on the career network LinkedIn. Lange left the company on 1 May and the...

Schools

H&M announces Central Saint Martins fashion and journalism winners

Fashion retailer H&M and university Central Saint Martins have announced the four winners of its H&M Sustainable Fashion and Journalism awards for 2024. The awards were announced last September to support emerging designers and journalists and to encourage the next generation of fashion leaders to further engage with sustainability and...

Fashion

World’s largest fashion brands are using tainted cotton, says investigation

Brazil has long been under scrutiny for deforestation of the Amazon rainforest, but new research from Earthsight shows the destruction of the Cerrado biome, a biodiversity hotspot, has largely escaped notice. While efforts to address the Amazon's plight have seen some progress, deforestation rates in the Cerrado are worsening, driven in part by...

Fashion

H&M and Shanghai Fashion Week to partner on collaborative collection

Swedish fashion giant H&M has announced it will be partnering with Shanghai Fashion Week on a new collaborative collection with Chinese designers in a bid to showcase local design. Set to be released in autumn 2024, the collection will come as part of the duo’s efforts to diversify commercial channels and leverage fashion industry resources as...