H&M's e-tail business and new chains will be its biggest growth drivers in the next few years and are a focus for investment, it said Wednesday, as it also said that the start of the year has seen it discounting heavily.
Retailers in London’s West End are predicted to take over £50 million a day in the six weeks to Christmas but till receipts should rise only 1.5% overall. There will be a tourist boost, but not as large as last year's.
H&M’s Q3 revenue growth was dampened by a need to offer more discounts, the Swedish fashion retail giant said Friday, although it also added that the cloud had a silver lining as its AW inventory is much cleaner.
H&M had plenty to talk about Thursday as it reported higher H1 sales, some markets that were good and others that were challenging, plus e-sales powering ahead and strength in its expanding other brands.
Zalando wants to double in size by 2020, it's co-chief executive said on Friday, as Europe's biggest pure online fashion retailer announced new partnerships with Nike, H&M Weekday brand and the Bestseller group.
The H&M-owned retailer known primarily for its ultra-cool jeans, has announced that Carl Malmgren, currently in charge of denim for Cheap Monday, will take over design starting July 1. He replaces Ann-Sofie Back.