Swedish fashion retailer H&M said on Monday it had decided to wind down operations in Russia, after pausing all sales there in March following Moscow's invasion of Ukraine.
Swedish fashion giant H&M said the coronavirus pandemic had cut its 2020 net profit by 90 percent, with about a third of its 5,000 stores currently closed.
Swedish clothing giant H&M reported better-than-expected results in the third quarter, but it has been hit hard by the pandemic and expects to close around 250 shops worldwide next year.
Swedish clothing chain H&M said it was 'phasing out' its relationship with a Chinese supplier over allegations of forced labour, involving minorities from China's Xinjiang province.
Swedish clothing giant Hennes and Mauritz (HM) said on Thursday it had suspended a team at one of its subsidiaries for using a racist slur in an internal product name.
Six months after establishing itself in Stockholm, Japanese clothing brand Uniqlo has announced it will sponsor Sweden’s athletes at the 2020 Olympics.
Swedish fashion giant H&M has announced that it is closing down the Cheap Monday brand, with the process beginning immediately and expected to be completed by summer next year.
Swedish fast-fashion giant H&M has pulled pictures advertising breastfeeding bras after saying it "understood" criticism over the lack of body diversity in the images.
Swedish ready-to-wear giant Hennes and Mauritz (H&M) on Thursday said profits fell in the second quarter as too much stock, triggered by logistics problems, pulled prices further down amid declining sales in key markets.
Swedish fashion giant Hennes and Mauritz (H&M) saw its profits plummet once again after unusually cold weather in key European markets brought sales of spring garments down, the Swedish retail giant said Tuesday as it released first quarter results.
Faced with fierce online competition from the likes of Amazon, affordable fashion giants H&M and Zara are trying to use their stores to boost internet sales.
Sustainability is a challenge for every industry, but in fashion where consumers buy products shipped from a far off land only to throw them away when they get bored, it's particularly pertinent. Aiming to be a "Nobel Prize of fashion", the non-profit H&M foundation's Global Change Award is designed to help tackle those problems, providing funding to innovators who come up with solutions for making the fashion industry circular and protect the planet.
Swedish clothing giant H&M's stores in South Africa remain temporarily closed after the doors were shut in response to unrest over an ad that provoked racism accusations.
A racism scandal at H&M is the latest indication of management problems at the Swedish clothing giant, once the darling of shoppers but now struggling to make the switch to e-commerce, analysts say.
