H&M Group news and archive

H&M Group integrates AI for first time with custom clothing creation tool

H&M Group’s print-on-demand merchandise service Creator Studio has unveiled the retail group’s first use of AI, with a generative AI-powered custom clothing creation tool. The new AI tool enables anyone to mock up and produce garments utilising AI-generated custom visual artworks based on text input by the user. Meaning that anyone can play...

ManagementFeatured

H&M: Q3 profits widen, but warm weather hurts September sales

Swedish fashion giant H&M has reported a jump in profit in the third quarter, but said recent sales have been hurt by unusually warm September weather across key markets. The group, which owns its namesake label along with Cos, Monki, and Weekday, among others, made a net profit of SEK 3.3 billion (285.1 million euros) in the quarter ended...

Report

H&M continues to report ‘flattish’ net sales for Q3

H&M Group, the fast fashion giant that owns Cos, Monki and Weekday, among others, has published details of its third quarter earnings, in which it said that net sales were “flattish” compared to last year. The group saw an increase of 6 percent to SEK 60,987 million (4,397 million pounds) during the period 1 June to 31 August. However, for...

BusinessFeatured

H&M to investigate alleged labour abuses at Myanmar garment factories

Swedish fashion giant H&M is set to investigate 20 alleged cases of labour abuses at its supplier factories in Myanmar, according to a report. It comes after a wider investigation by the Business and Human Rights Resource Centre (BHRRC), seen by Reuters, uncovered 156 cases of labour abuses at Myanmar garment factories in the year to February...

Business

H&M Foundation names new global manager

H&M Foundation, the philanthropic arm of H&M Group, has announced that Anna Gedda has joined the organisation as general manager. On her appointment, Gedda had already been with the fashion retail group for 15 years, first entering as a community investment coordinator and, most recently, holding the role of head of steering and strategic...

Business

H&M Group establishes joint venture to drive used textile sorting

H&M Group has announced a new joint venture with Remondis through the launch of a circular textile initiative, Looper Textile Co. The duo will own equal parts of the organisation, with H&M hoping to participate “more directly” in the development of circular fashion infrastructure, a press release stated. Meanwhile, the launch further builds on...

Fashion

& Other Stories announce collaboration with South African brand Sindiso Khumalo

Swedish high street brand & Other Stories has announced a partnership with with Cape Town-based Sindiso Khumalo for its next co-lab collection. Known for creating modern sustainable textiles that play on South African history, the brand’s colourful prints are based on Khumalo’s hand-painted watercolours and collage. The Sindiso Khumalo co-lab...

ManagementFeatured

H&M posts drop in operating profit, Q2 sales up 10 percent

H&M’s fourth quarter net sales increased by 10 percent to 62,433 million Swedish krona, while in local currencies, net sales were flat. Excluding Russia, Belarus and Ukraine the increase was 11 percent in SEK and 2 percent in local currencies. Net sales in SEK increased by 12 percent in the 2022 financial year to 223,553 million Swedish krona,...

Retail

Cos opens Stockholm flagship, its first new concept store in Europe

London-based brand Cos has opened the first store in Europe to feature its new “more sustainable” concept design. Located in Biblioteksgatan, Stockholm, the two-story store spans 566 square metres and features 66 percent more recycled material than the original Cos store design, the brand said. Lloyd Goldby, the global head of growth at Cos,...

Business

H&M teams up with WWF to launch AI app tackling deforestation

The H&M Group has revealed a new application made together with the World Wildlife Fund (WWF) that aims to support garment and textile factories in reducing their contribution to deforestation. The Wood Artificial Intelligence Application, also called the WoodAI App, utilises artificial intelligence (AI) to help identify wood species and provide...

BusinessFeatured

H&M Group begins ‘winding down’ in Russia

Following its decision to pause all sales in Russia, as announced March 2, the H&M Group has now said that it will be taking steps to wind down its business in the country, citing “operational challenges and an unpredictable future”. As part of the process, the group, which has been operating in the region since 2009, will temporarily reopen its...

RetailFeatured

H&M and Ingka Group open first Atelier100 space in London

The first Atelier100 space, backed by H&M and Ingka Group, has officially opened in London, showcasing a new sustainable and hyper-local approach to retail. Located at Livat Hammersmith in west London, Atelier100 is the first-of-its-kind collaboration between the Swedish retail giants and showcases creatives, makers and manufacturers who live...