Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported a 16 percent gain in third-quarter sales after August revenue exceeded estimates.
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
Fashion retailers are increasingly integrating slick interactive technology into their physical flagships. But is all this in-store technology actually making the tills ring or merely providing opportunities for short-term PR?
STOCKHOLM, Sweden — Total revenue including value added tax jumped 17 percent from a year earlier in local currencies, the Stockholm-based retailer said in a statement today.
FRANKFURT, Germany — Hennes & Mauritz (H&M), the world's second-biggest fashion retailer, supports higher wages for textile workers in Bangladesh, its chief executive said, but warned that higher costs could also prompt some companies to go elsewhere.
CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia’s David Jones Ltd. to challenge fashion retailers Inditex SA, Hennes & Mauritz AB and Fast Retailing Co. in the southern hemisphere.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, is expanding into China’s smaller cities to woo more customers as retail competition intensifies in the world’s second-biggest economy.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported first-quarter profit that rose less than analysts anticipated as the company invested in selling clothing online.
SINGAPORE, Singapore — Cotton On Group, a clothing chain with 1,300 stores globally, said it will invest in China to step up its overseas expansion and challenge the dominance of Fast Retailing Co.’s Uniqlo and Hennes & Mauritz AB.
As global fast fashion giants arrive in Brazil, the market heats up. BoF reports.