Tag: H&M sales

Retail Types, Stores

H&M Group Reports Dramatic Sales Decline in China as it Closes More Stores in Europe

March 16, 2020

Via: The Business of Fashion

H&M group has temporarily shuttered stores across large parts of Europe, as governments take extraordinary measures to try and contain the escalating coronavirus pandemic. The closures signal more pain ahead for retailers, already suffering the aftershock of a widespread shut […]

Retail Types, Stores

H&M’s new boss says its 5000+ “stores will change” as it focuses on digitalisation

February 3, 2020

Via: Charged

H&M is planning to reposition its 5000-plus store estate into logistics hubs focusing on “digital growth” as its new management aims to shake things up. Last week the world’s second largest fashion retailer H&M revealed a major shake-up of its […]

Retail Types, Stores

H&M turnaround gains traction

April 1, 2019

Via: Retail Dive

After a bruising battle last year with an excess inventory pile that forced markdowns and threw its fast-fashion approach into question, H&M has managed to reverse course. “Our ongoing transformation work has contributed to stronger collections with increased full-price sales, […]

Retail Types, Stores

H&M to shutter 160 stores amid profit slump

February 1, 2019

Via: Retail Dive

H&M’s belated move to digital sales and data-based design is costing the apparel retail group. The company is climbing a learning curve. CEO Karl-Johan Persson cited “difficulties with the logistics upgrade” in some markets earlier in 2018, which led to […]