STOCKHOLM, Sweden — Hennes & Mauritz AB began selling cheap-chic clothes online in Sweden about the same time Google Inc. started crunching its first search results. Fifteen years later, H&M’s American fans are still waiting for Web shopping.
PORTLAND, United States — Not long ago, Nike Inc. could simply open stores in China and wait for newly minted middle-class shoppers to show up. No longer. Though it has been in China for 30 years, the world’s largest sporting-goods maker is losing customers to Adidas AG’s more fashionable street wear and Hennes & Mauritz AB’s H&M cheap, hip clothing.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothes retailer, reported June sales that missed estimates after growth slowed in the latter part of the month.
ZURICH, Switzerland — A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.
BEIJING, China —Chinese landlords are forgoing rent and paying to outfit stores for mass-market fashion brands including Zara and H&M, a bid to blunt the impact of a boom in shopping-mall construction that threatens to push up vacancies.
LONDON, United Kingdom — Debenhams, Britain's No. 2 department store group, posted slower sales growth for its latest trading period as unhelpful weather and a tough consumer environment took their toll.
STOCKHOLM, Sweeden — Hennes & Mauritz AB says it has a solution to tight cotton supplies and the piles of old garments choking landfills worldwide: convince consumers to recycle cast- offs by offering discounts on yet more clothing.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported second-quarter profit that fell more than analysts expected, hurt by the strength of the Swedish krona and tough conditions in the fashion industry.
STOCKHOLM, Sweden — Cold weather in recession-weary Europe left spring collections on the racks of the world's biggest clothing retailers, Inditex and H&M, while small British rival ASOS beat the seasons with soaring demand for its cost-conscious online offering.