Page 2 - H&m

H&M caught in a 'geopolitical crossfire' between China and Vietnam

Changes by the Swedish retailer to its map on China's order have angered Vietnam consumers who believe they infringed on their country's maritime sovereignty

China warns western brands not to engage in politics over Xinjiang

H&M, Burberry, Nike, Adidas and other Western brands have been hit by consumer boycotts in China since last week over comments about their sourcing of cotton in Xinjiang

China says H&M should look into Xinjiang issue seriously amid boycott

BEIJING (Reuters) - Swedish fashion retailer H&M should look into the Xinjiang issue seriously, a Chinese official said on Monday, as the company faces a consumer boycott over comments made last year about labour conditions in the western Chinese region.

Fashion giant H&M pauses placing new orders in Myanmar amid protests

H&M has around 45 direct suppliers in Myanmar

H&M appoints Yanira Ramirez as country sales manager for India

Swedish apparel retailer H&M on Tuesday announced the appointment of Yanira Ramirez as the new country sales manager for India. Previously global Sales Manager for & Other Stories, Ramirez joins the India team at a time when H&M India has 50 stores across 25 cities, a newly launched digital loyalty programme and a strong online presence on hm.com and Myntra, the company said in a statement. She will be based out of H&M India's head office in New Delhi, it added. A qualified lawyer, Ramirez had joined the H&M Group 18 years ago. Originally from Mexico, she started her journey with H&M in the UK as a sales adviser in the store and then moved on to become an Area Manager, post which she became Country HR for H&M UK & IE and then joined the Global Sales and Operations HR team in Sweden, the company said.

China's turbo-charged online fashion site Shein takes on Zara and H&M

The fast-fashion player is encroaching on the territory of more established rivals like Zara and H&M

H&M's new CEO Helmersson gets tough with plan to eliminate 5% of stores

Job cuts are looming throughout the retail industry as chains find it's easier to sell online than in person.

German privacy watchdog fines H&M $41 million for spying on workers

A German privacy watchdog said Thursday that it is fining clothing retailer H&M 35.3 million euros ($41 million) after the company was found to have spied on some of its employees in Germany. Hamburg's data protection commissioner said in a statement that the Swedish company collected private information about employees at a customer service center in Nuremberg, ranging from rather harmless details to family issues and religious beliefs. The information was recorded on a network drive accessible to up to 50 managers and used, among other things, to obtain a detailed profile of employees for measures and decisions regarding their employment. The data protection commissioner, Johannes Caspar, said that the combination of collecting details about their private lives and the recording of their activities led to a particularly intensive encroachment on employees' civil rights. The privacy violation was discovered after the data briefly became visible to all people on the company ...

Sweden's H&M swings to deep loss as sales go down 50% due to Covid-19

Pretax loss was 6.5 billion crowns ($695 million) against a year-earlier profit of 5.9 billion. Analysts had on average forecast a 6.4 billion crown loss, according to Refinitiv data

H&M's fourth-quarter sales growth takes hit from later Black Friday

STOCKHOLM (Reuters) - H&M reported a slightly smaller-than-expected rise in fourth-quarter sales reflecting a later Black Friday this year, the world's second-biggest fashion retailer said on Monday.

Does the trend for sustainable fashion make for sustainable businesses?

Earlier this year, fast fashion giant Zara announced that all its clothes would come from sustainable fabrics by 2025. H&M hopes to transition to 100% sustainable cotton by as early as next year

H&M halts purchase of leather from Brazil due to Amazon wildfires

STOCKHOLM (Reuters) - H&M, the world's second-biggest fashion retailer, said on Thursday it had stopped purchasing leather from Brazil for the time being due to environmental concerns highlighted by Amazon wildfires.

Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more

From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday

H&M inks agreement with Myntra to cash in on online fashion boom

H&M gets over 15% of its sales from online channel in India, which is higher than its global average

As profit declines, H&M will have to slash prices for merchandise shifting

STOCKHOLM (Reuters) - Fashion retailer H&M will have to cut prices further to help shift growing piles of unsold merchandise over the summer after another decline in quarterly profit, it said on Thursday.

Swedish retailer H&M's pile of unsold garments grows as earnings plunge

The stock slumped to the lowest level since 2005

H&M steps on the gas to penetrate into tier-II cities this month

Swedish fashion retailer H&M is stepping up its expansion plans with four new stores slated to open this month, as it looks to become a pan India player.After metros, H&M is getting into tier II cities such as Indore, Coimbatore and Amritsar where stores are smaller in size_18,000 to 19,000 square feet_about 30 per cent smaller than its stores in Mumbai. The four stores will add space of 75,000 sq ft.H&M, which is two year old in the country, currently has 17 stores and looking to end the year with 25 stores.In comparison, its main rival Zara whose parent Inditex has a JV with Tata owned Trent, opened its first store in the country in 2010. It has 21 stores in eight cities and plans to open two to three stores a year going ahead.H&M's store in Indore will be opening on September 16 at Treasure Island Next followed by Prozone Mall in Coimbatore on September 22 and Woodburn Central in Kolkata on September 23. H&M will also open its first store at the Mall of ...

H&M expands reach, to open stores in Indore, Kolkata, Coimbatore, Amritsar

Swedish fashion retailer Hennes & Mauritz (H&M) will enter four new Indian cities this month as it aims to take the number of stores to over 25 by the end of 2017. "H&M will be opening stores in Indore, Kolkata, Coimbatore and Amritsar this September," the company said in a statement. "The brand has identified immense potential in these markets and with an accumulated space of over 75,000 sq.Ft these stores will be opened in key locations," it added. At present, H&M operates 17 stores across India. Earlier this year, the company said it will not restrict itself to metros cities in India and will look to grow its store chain in new markets. H&M opened its first stores in Delhi in India in 2015.

Too early to call H&M a profitable retailer, say Rivals

After Delhi and surrounding towns last year, H&M also opened stores in Mumbai, Chennai and other cities and got good response

H&M to open first store in Punjab

This will be the fashion retail giant's sixth store in India