World Footwear


H&M’s operating performance improves in the first quarter

Apr 3, 2024 / Sweden
Despite a slight decline in net sales, the Sweden-based fashion group surprised with a “substantial improvement” in operating profit and total profit in the first quarter of its fiscal year

H&M plans up to 588 job cuts in Spain

Feb 16, 2024 / Sweden
The Sweden-based retailer plans to close a fifth of its stores and lay off up to 588 employees in Spain. H&M currently operates 133 stores in the country and employs nearly 4 000 people

H&M announces results for 2023, CEO steps down

Feb 2, 2024 / Sweden
The Sweden-based group has reported a 6% growth in net sales in 2023, as compared to the previous year. However, its CEO has stepped down amid sluggish sales at the start of the year

Daniel Ervér is the new President and CEO of H&M

Feb 1, 2024 / Sweden
At the same time as reporting its 2023 results, the fashion group announced a change at the top. Daniel Ervér is the group’s new CEO, succeeding Helena Helmersson, who stepped down after four years in the role

H&M reports full year net sales growth

Dec 18, 2023 / Sweden
Despite the slowdown recorded in the fourth quarter of fiscal 2023, the Sweden-based fashion group reported an annual net sales increase of 6%, as compared to the previous year

H&M profits rise in the third quarter

Sep 28, 2023 / Sweden
Despite the slowdown in sales during the third quarter, the Sweden-based fashion group saw its profits rise significantly in the period to 3.32 billion Swedish Krona (285.9 million euros)

H&M anticipates 'flattish' sales

Sep 19, 2023 / Sweden
The Sweden-based fashion group has released a sales development update for the third quarter of fiscal 2023, ahead of the publication of the nine-month report scheduled for the end of September

H&M to reopen stores in Ukraine

Aug 31, 2023 / Sweden
The Sweden-based fashion group announced that has been in talks with Ukrainian partners and authorities to gradually reopen most of its stores in the country from November

H&M announces first half results

Jul 5, 2023 / Sweden
The Sweden-based company saw its sales increase in the first half of fiscal 2023, but underlined the negative impacts of high raw materials and freight costs combined with a strong US dollar on results

H&M releases second quarter sales development

Jun 19, 2023 / Sweden
The Sweden-based fast fashion company has reported that net sales in local currencies in the second quarter of fiscal 2023 were “flattish”, as compared to the same quarter of last year

H&M reports a sales increase

Apr 4, 2023 / Sweden
The Sweden-based group reported a net sales growth of 12% in the three months to the 28th of February, as compared to the same period of last year, but March sales were below expectations

H&M confirms full year sales increase

Feb 2, 2023 / Sweden
Despite a "turbulent year characterized" by "geopolitical challenges and substantial cost inflation", the Sweden-based fashion group posted a full year 2022 sales increase of 12% over fiscal 2021

H&M full year sales to rise

Dec 16, 2022 / Sweden
The Sweden-based fashion group has released its sales development for the full year 2022, including the fourth quarter, ahead of the publication of final results on the 27th of January 2023

H&M to lay off 1 500 people

Dec 6, 2022 / Sweden
The Sweden-based fast fashion company announced that it will cut around 1 500 jobs from its workforce as part of a global cost and efficiency programme recently initiated

Richard Blume: Sustainability is not going away

Premium ContentOct 6, 2022 / Sweden
Today we share with you a conversation with Richard Blume, Senior Sustainability Strategist at Natural Step. We have talked about leather as a material used by the footwear industry and reflected on the various sustainability topics. Watch the video
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