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.
PARIS, France — Hennes & Mauritz AB, Europe’s second-largest clothing retailer, said French designer Isabel Marant will be the next collaborator for the 10th year of a guest designer program.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, said some H&M garments were produced without its knowledge or approval at a factory in Cambodia where workers were injured in a partial building collapse this week.
HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.
In Japan, the arrival of powerful fashion retailers from Asia has been a theme this Spring. Korean retailer E-Land began opening stores in March, but last month saw the unveiling of the first stores for Charles & Keith, the Singapore retailer which does for shoes and accessories what H&M and Zara do for apparel. Japanese market intelligence provider JapanConsuming investigates.
LONDON, United Kingdom — After Hennes & Mauritz AB and Inditex SA, Europe’s two largest clothing retailers, committed to an agreement to improve fire and building safety in Bangladesh, pressure is mounting on U.S. retailers to sign the pact.