The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
H&M’s chief executive officer Helena Helmersson said on Wednesday shoplifting has been a particular problem in the US, and the world’s No. 2 fashion retailer is looking at taking steps such as increasing security in its stores.
“What is standing out is ... the US,” she told Reuters in an interview, adding that retail theft is an industry-wide issue.
Her comments come after the company’s chief financial officer said that shoplifting has been rising in recent months and that the fast-fashion retailer was looking at solutions.
The executives are the latest at a major retailer to warn about the growing problem.
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“It is an increasing problem in many markets,” CFO Adam Karlsson said on a call with media after the company released quarterly results.
By Helen Reid and Josephine Mason; Editor: Jan Harvey
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Zara Finds Shoplifters Outsmarted Its New Security System
The British Retail Consortium reported that store theft increased by 27 percent last year across the UK’s 10 largest cities.
Canada, France and Ireland are among the countries working with home-grown fashion talent to create uniforms for their teams at this summer’s Olympic Games. For these small labels, it’s an unprecedented opportunity to capitalise on one of sports’ largest events.
The online fashion retailer plans to update China’s securities regulator on the change of the initial public offering venue and file with the London Stock Exchange as soon as this month, a person with knowledge of the matter said.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.