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‘Over 90% Nordic companies in Bangladesh keen on business expansion’

According to a recent survey, encouraged by market demand, coupled with efficient sourcing and cost-efficient production, around 91 per cent of Nordic (Sweden, Norway and Denmark) companies doing business in Bangladesh are reportedly contemplating to increase their activities in Bangladesh in the next three years. Also Read – PM Hasina for more European investments in Bangladesh The survey conducted by the Nordic Chamber of Commerce and Industry in Bangladesh, along with the Sweden Bangladesh Business […]

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H&M commits to fundamental rights of garment workers

World’s leading apparel retailer H&M, which has 1.6 million garment factory workers working at around 1,900 factories across the globe that manufacture goods for H&M has signed an innovative global framework agreement (GFA) along with world’s largest sectorial trade union organization IndustriALL Global Union, which represents 50 million workers, and Swedish trade union IF Metall. The agreement marks a new level of commitment by the collaborating parties to fundamental rights of the workers, and promises […]

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H&M partners with Humane Society International for animal welfare

Elevating its own requirements of compliance with sourcing practices that are aligned with ethical treatment of animals, H&M – the Swedish fashion retailer has signed up with Humane Society International (HSI). Following the collaboration, the retailer known to be at the forefront of ethical sourcing initiatives, will pursue policy change in countries around the world for practices such as mulesing (removal of strips of wool-bearing skin from around the buttocks of a live sheep), live-plucking […]

September 10, 2015

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H&M to unveil new denim styles created through recycled cotton

Sweden-based apparel retailer H&M is set to unveil 16 new denim styles from recycled cotton collected through its in-store Garment Collecting Initiative, next month. Karl-Johan Persson, CEO of the company said that creating a closed loop for textiles, in which unwanted clothes can be recycled into new ones, will not only minimize textile waste, but also lessen the need for fresh resources as well as other impacts that fashion has on our planet. Also Read: Recycling […]

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H&M market share rise to open 400 new stores this year

Europe’s second-biggest clothing retailer H&M has registered increased sales and market share in its six-month report. From December 2014 to May 2015, the group’s sales excluding VAT increased by 23% to US $ 10.425 billion. While second quarter – March 2015 to May 2015 – the sale was in SEK excluding VAT increased by 21% to SEK 45.8 billion (US $ 5.5 billion). The retailer warned that it expects the strong US dollar to translate […]

August 1, 2015

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H&M sales and market share rise

Europe’s second-biggest clothing retailer H&M has registered increased sales and market share in its six-month report. From 1 December 2014 to 31 May 2015, the group’s sales excluding VAT increased by 23 per cent to US $ 10,425 million. While Second quarter 1 March 2015 — 31 May 2015 the sale was in SEK excluding VAT increased by 21 percent to SEK 45,867 million. The retailer warned that it expects the strong US dollar to […]

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H&M’s next big collaboration: Balmain

Hennes & Mauritz has joined hands with Balmain’s Creative Director, Olivier Rousteing, to create a limited-edition line. The capsule collection will hit select H&M stores by 5thNovember 2015. “We are excited to have Balmain as our guest designer at H&M and create a truly involving experience for everybody. With its mix of couture spirit and streetwear attitude, Balmain owns a unique style, at once opulent and direct, sensual and energetic. It is also closely linked […]

June 1, 2015

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H&M releases new Sustainability Report

The Swedish fashion retailer H&M has recently revealed its sustainability report – the Conscious Actions Sustainability Report 2014, which highlights eco-friendly practices in its supply chain and stores to reduce harmful effects on the environment. It also showcases the retailer’s efforts on a variety of social welfare issues such as gender equality and poverty alleviation. The report reveals the retailer’s expansion of the public supplier factory list, the determination to use only renewable electricity and […]

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H&M ranks 32nd on US EPA National Top 100 list of the largest green power users

The Swedish fashion retailer H&M ranks 32nd on the US Environmental Protection Agency’s (EPA’s) National Top 100 list of the largest green power users. The retailer currently uses nearly 172 million kilowatt-hours (kWh) of green power annually, which is approximately the 100 per cent of the organization’s electricity use. Apart from this, H&M also appears on the fifth spot on the Top 30 Retail list. This green power commitment also qualifies H&M for EPA’s Green […]

April 30, 2015

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Apparel exports readying to cross US $ 5 billion

Apparels have become Sri Lanka’s topmost merchandise exports earner. The sector is now readying to touch the milestone of US $ 5 billion worth of exports. Country’s apparel exports in 2014 were at US $ 4.9 billion increasing by 9.2 per cent from 2013. Ministry of Industry and Commerce Rishad Bathiudeen, said: “We believe GSP Plus door may open for us. Sri Lankan apparel manufacturing sector is now at G4 levels with even the large […]

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H&M’s Conscious Exclusive Collection 2015

Swedish retailer H&M’s environment-friendly fashion series Conscious Exclusive Collection will be available for purchase in around 200 H&M stores worldwide and online from April 16, 2015 onwards. The new line, as the name suggests, has been designed to promote sustainability and made using Tencel, recycled polyester, conscious leather and organic silk, cotton and linen. the collection has been enhanced with hand-drawn prints, exquisite cuts and detailing inspired from African, Asian and Indian cultures. The upcoming […]

December 16, 2014

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H&M’s accelerating sales growth ease mild weather concern

Europe’s second-biggest clothing retailer, H&M’s sales including VAT increased by 14 per cent in local currencies in October 2014 compared to the same month last year, easing concern over the impact of mild weather on fall clothing collections. The total number of stores amounted to 3,437 on 31 October 2014 versus 3,081 on 31 October 2013. It topped the 9.1 per cent gain anticipated in a survey by SME Direkt and compares with September’s 8 […]

November 19, 2014

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H&M September sales rise 8 per cent

The Swedish fashion retailer, H&M reported an 8 per cent increase in sales in September, in line with analyst forecasts. H&M said in September that unusually warm weather in the month led to delayed purchases of cold-weather gear. The total number of stores amounted to 3,388 on 30 September 2014 compare to 3,006 on 30 September 2013.The world’s second-biggest fashion retailer, which already reported sales for most of September in its third-quarter earnings results, was […]

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H&M registers 16 per cent growth in Q3, Conscious Denim from October 2nd

Following the business concept to offer fashion and quality at the best price, H&M has announced that in the third quarter of current fiscal (1 June to 31 August) its sales including VAT increased by 16 per cent in local currencies while in the month of August it noticed increase of 19 per cent compared to the same month last year. Karl-Johan Persson, CEO said in a press release that its third quarter sale was […]

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H&M posts a 17 per cent hike in sales for July

H&M, a Swedish multinational retail-clothing company, known for its fast-fashion clothing for men, women, teenagers and children has published its last month’s financial reports.  Compared to the same month last year, the H&M Group’s sales including VAT increased by 17 per cent in July 2014. The total number of stores has increased to 3,314 on 31 July 2014 versus 2,940 on 31 July 2013. Known for affordable fashion, the collections include everything from party wear […]

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