Jump to content

H&M

From Wikipedia, the free encyclopedia
(Redirected from Hennes & Mauritz)
This article is about the fashion chain. For other uses, see H&M (disambiguation).

H & M Hennes & Mauritz AB
H&M Group
Company typePublic (Aktiebolag)
Nasdaq Stockholm: HM B
ISINSE0000106270[1]
IndustryRetail
Founded1947; 77 years ago (1947) (as Hennes)
Västerås, Sweden
FounderErling Persson
Headquarters
Stockholm
,
Sweden
Number of locations
4,338 stores (2024)[2]
Area served
Worldwide
Key people
Karl-Johan Persson (Chairman)
Daniel Erver (CEO and president)[3]
ProductsClothing
Accessories
Brands
  • COS
  • Weekday
  • Monki
  • Other Stories
  • ARKET
  • H&M Home
  • Afound
  • Sellpy
RevenueIncreaseUS$24.8 billion (2019)[4][5]
DecreaseUS$1.8 billion (2019)[6]
IncreaseUS$1.5 billion (2019)[4]
Total assetsIncreaseUS$19.3 billion (2019)[4]
Total equityIncreaseUS$6.919 billion (2016)[5]
OwnerStefan Persson (36%)
Number of employees
107,375[a] (2021)
Websitehm.com (retail)
hmgroup.com (corporate)
Footnotes / references
[7][8][9][10]

H & M Hennes & Mauritz AB, commonly known by its brand name H&M, is a multinational fashion retailer headquartered in Stockholm, Sweden.

Known for its fast fashion business model, H&M offers affordable[clarification needed] clothing, accessories, and homeware. The company has a significant global presence, operating thousands of stores across 75 geographical markets and employing over 100,000 people worldwide.[11]

H&M is the second-largest international clothing retailer after Inditex.[12][13] H&M was founded by Erling Persson in 1947 under the name Hennes. CEO from 2020 to 2024 was Helena Helmersson. Current CEO is Daniel Erver as of January 2024. [14][15][16]

History

[edit]
H&M store on Fifth Avenue in New York City

Foundation

[edit]

The business was established in 1947 by Erling Persson when he opened his first shop in Västerås, Sweden.[17] The shop was called Hennes (Swedish for 'hers') and only sold women's clothing. Another store opened in Norway in 1964.[18] In 1968, Persson acquired the hunting apparel retailer Mauritz Widforss in Stockholm, which led to the inclusion of a menswear collection in the product range, and the name was changed to Hennes & Mauritz.[17]

The company was listed on the Stockholm Stock Exchange in 1974.[17] Shortly after, in 1976, the first store outside Scandinavia opened in London.[17][19] H&M continued to expand in Europe and began to retail online in 1998[20] with the domain hm.com, which was registered in 1997 according to data available via WHOIS. The opening of its first U.S. store on 31 March 2000 on Fifth Avenue in New York City marked the start of its expansion outside of Europe.[17]

Home furnishings

[edit]
H&M Home section in an Antwerp store

In 2008, the company announced in a press release that it would begin selling home furnishings.[21] While initially distributed online, the home furnishing items are now sold at H&M Home stores worldwide.[22]

Other brands

[edit]

Concept stores, including COS, Weekday, Monki and Cheap Monday, were launched following H&M's expansion in Asia. In 2009 and 2010, brand consultancy Interbrand ranked H&M as the twenty-first most-valuable global brand.[23] Its worth was estimated at $12 billion to $16 billion.[24][25] Under the "H&M with Friends", H&M will partner with Good American, a brand founded by Khloe Kardashian and Emme Grede, to feature their products in H&M's Swedish and German e-commerce shops.[26] In 2017 H&M founded a new concept store Arket.

Store openings worldwide

[edit]

H&M operated 2,325 stores at the end of 2011. At the end of August 2012, they were operating 304 more stores, bringing the total to 2,629.[27] In September 2013, the retailer opened its 3000th store in Chengdu, China.[28]

COVID-19

[edit]

In October 2020, H&M announced that it was planning to close 5% of its worldwide stores in 2021 as a result of the COVID-19 pandemic.[29] The fashion retailer H&M closed 250 shops throughout the globe and moved the majority of its operations online. The H&M Group's sales growth remained at −34% year-over-year from 2020 week 12 to week 22.[30]

Countries H&M operates in (2023)

Withdrawal from the Russian market (2022)

[edit]

Along with hundreds of other global companies, H&M announced on 2 March 2022, an end to retail operations of its more than 150 stores in Russia as a result of the Russian invasion of Ukraine. H&M cited that it stands "with all the people who are suffering" in Ukraine as well as for "the safety of customers and colleagues" in Russia.[31][32] Having recently expanded via its Weekday and & Other Stories formats, Russia was H&M's sixth-biggest market at the time, representing 4% of group sales in the fourth quarter of 2021. The company also temporarily closed its Ukraine stores, which remain closed as of 2023.[33][34]

Supplies

[edit]

H&M sources its clothing products from various countries globally. The primary manufacturing locations for H&M products are China, Bangladesh, and India.[35] While H&M's headquarters is in Sweden, it operates 21 supplier and factory locations within the country.

Corporate affairs

[edit]

The key trends for the H&M Group are (as of the financial year ending 30 November):[36]

Revenue
(SEK b)[b] 		Net
profit
(SEK b)[c] 		Share of
revenue
online
(%) 		Number of
employees
(FTE) (k) 		Number of
stores
(Group) 		Number of
stores
(H&M) 		Number of
served
countries
(Group)[d] 		Number of
served
countries
(H&M)[d] 		Notes/
sources
2015 180 20.8 104 3,924 3,61 61 61
2016 192 18.6 114 4,351 3,962 64 64
2017 200 16.1 12.5 120 4,739 4,288 69 69
2018 210 12.6 14.5 123 4,968 4,433 71 71
2019 233 13.4 126 5,076 4,492 74 74
2020 187 1.2 28 110 5,018 4,429 74 74
2021 198 11.0 32 107 4,801 4,242 75 75
2022 223 3.5 30 106 4,465 3,947 79 78
2023 236 8.7 30 101 4,369 3,872 77 [37]

Designers

[edit]
  • In November 2004, select stores offered an exclusive collection by fashion designer Karl Lagerfeld. The press reported there were large crowds and that the initial inventories in big cities were sold out within an hour.[38]
  • In November 2006, the company launched a collection by Stella McCartney.
  • Also in November 2006, the company launched a collection by avant-garde Dutch designers Viktor & Rolf.
  • H&M launched a collaboration designed by pop star Madonna in March 2007.[39]
  • In November 2007, several months after collaborating with Madonna, the company launched a collection by Italian designer Roberto Cavalli.
  • Finnish company Marimekko was chosen as a guest designer in spring 2008.[40]
  • H&M partnered with Comme des Garçons, a Japanese fashion label, in the fall of 2008. Products in the collection included accessories, a unisex fragrance, and clothing for adults and children.[41]
  • For spring and summer of 2009, British designer Matthew Williamson created two exclusive ranges for the company – the first being a collection of women's clothes that were released in select stores. For the second collection, Williamson ventured into creating menswear for the first time. It featured swimwear for men and women and was available in all of H&M's stores worldwide.[42]
  • On 14 November 2009, the company released a limited-edition diffusion collection by Jimmy Choo featuring handbags and shoes for men and women, with prices ranging from £30 to £170. The collection also included clothing designed by Choo, such as garments made of suede and leather, and was available in 200 stores worldwide, including London's Oxford Circus store.[43]
  • Sonia Rykiel collaborated with the company by designing a ladies knitwear and lingerie range that was released in select company stores on 5 December 2009.
  • French fashion house Lanvin collaborated with H&M to create a new collection, "Lanvin Hearts H&M," in fall 2010.[44] The collection, designed to make Lanvin clothing more accessible to the average consumer, featured items that were around 100 euros. Usually Lanvin dresses would cost hundreds of euros more.[45]
  • For Spring and Summer 2011, the company worked with fashion blogger Elin Kling, whose collection was only available at select stores.
  • H&M announced a collaboration with Versace in June 2011 that was later released on 19 November. Versace also planned a Spring collaboration with the company that would only be available in countries with online sales. Similar to past collaborations, Versace agreed to let H&M use its name for a previously agreed-upon sum, without actually having a role in the design process.[46]
  • H&M announced a collaboration with Marni in November 2011. The campaign launched a few months later in Mah 2012 and was led by director Sofia Coppola.[citation needed]
    Trompe-l'œil-printed viscose jersey dress by Maison Martin Margiela for H&M, 2012
  • On 4 October 2012, Vogue Japan editor Anna Dello Russo launched an accessories collection with H&M as Paris Fashion Week drew to an end. The collection was stocked in 140 H&M stores worldwide and was also available to purchase online.[47]
  • On 12 June 2012, H&M confirmed that it would launch a collaboration with avant-garde label Maison Martin Margiela for a fall rollout. The Maison Martin Margiela collection for H&M hit stores a few months later on 15 November 2012.[citation needed]
  • Isabel Marant was a collaboration designer for fall 2013 and, for the first time in her career, made a few men's pieces to accompany the women's collection.[48] The collection sold out very quickly in cities across the globe and was heavily anchored in sales online.[49]
  • During the Coachella Valley Music and Arts Festival in California, H&M announced its first collaboration with an American designer. Alexander Wang was the designer chosen and the collection was released to a select 250 stores around the world on 6 November 2014.
  • Balmain was announced as the next collaboration with H&M through Balmain designer Olivier Rousteing's Instagram page. The collection was released on 5 November 2015.[50] That year's H&M Christmas campaign was made in collaboration with popstar Katy Perry, who also sang the commercial soundtrack "'Every Day Is A Holiday".[51]
  • In November 2016, H&M released a designer line in collaboration with Kenzo.[52] That year the company released an annual holiday movie directed by Wes Anderson as part of the company's Christmas advertising campaign.[53] Titled "Come Together", the short film starred Adrien Brody as a train conductor who saves Christmas after a blizzard delays the train's arrival and causes the few passengers to miss part of the holiday.[53][54][55][56]
  • Swedish singer Zara Larsson designed a "playful, young, empowering and little glamorous" collection with H&M in February 2017.[57]
  • After 20 years, Naomi Campbell came back to collaborate with the company for a global female empowerment commercial spot in fall 2017. She wore clothes that blurred the line between masculine and feminine in the campaign's Tokyo spot-video where she lip-synced "Wham Rap (Enjoy What You Do)" by Wham!.[58]
  • Designers Jeremy Scott and Moschino collaborated with the brand in April 2018.
  • With the idea of reviving the spirit of the swinging sixties, H&M collaborated with designer Richard Allan in July 2019.[59]
  • The Fleur du Soleil collection, part of H&M's collaboration with Lebanese designer Sandra Mansour, was released in August 2020 and marked the first time the company had partnered with an Arab designer.[60]
  • Irish designer Simone Rocha, daughter of designer John Rocha, was announced as a collaborative partner in March 2021. Rocha's designs launched with an H&M campaign film and images shot by Tyler Mitchell.[61]

Sustainability and environmental awareness

[edit]

Used garment vouchers

[edit]

Starting in February 2013, H&M began offering patrons a voucher in exchange for used garments. Donated garments were to be processed by I:CO, a retailer that repurposes and recycles used clothing with the goal of creating a zero waste economy. The initiative is similar to an April 2012 clothes-collection voucher program launched by Marks & Spencer in partnership with Oxfam.[62][63][64]

Endangered forests

[edit]

In April 2014, H&M joined Zara and other apparel companies in changing their supply chain to avoid endangered forests. The company teamed with Canopy, a nonprofit, to remove endangered and ancient forests from their dissolvable pulp supply chain for their viscose and rayon fabrics.[65]

The H&M Foundation

[edit]

The H&M Foundation, a nonprofit, was established in 2014 to fund projects that improve humanitarian and environmental issues within the fashion industry. The Persson family, the founders and owners of H&M, originally invested $180 million in the foundation. One of the foundation's projects includes the Green Machine, a recycling technology that would allow clothing to be recycled in a similar way to aluminum can recycling.[66] Since 2013, the family has made contributions to the foundation, donating SEK1.1 billion (US$154 million) to it.[citation needed] According to the OECD, H&M Foundation's financing for 2019 development increased by 7% to US$17 million.[67] In August 2015, the H&M Foundation announced that it will award the Global Change Award,[68] a million-euro annual prize, to advance recycling technology and techniques within the fashion industry.[69] In 2021, H&M Foundation launched a virtual clothing collection named "The Billion Dollar Collection" that featured ten sustainable fashion innovation startups.[70]

Brazilian leather halt

[edit]

In September 2019, H&M halted its leather purchases from Brazil in response to the 2019 Amazon rainforest wildfires.[71] The company issued an email statement: "The ban will be active until there are credible assurance systems in place to verify that the leather does not contribute to environmental harm in the Amazon." H&M imports only a small fraction of its leather needs from the country.[72]

Sustainability ambassador hiring

[edit]

Actress Maisie Williams joined the brand as a global sustainability ambassador in April 2021. As a global sustainability ambassador, she helped front the company's campaign on using only recycled or sustainably sourced materials by 2030.[73] The first initiative fronted by the actress has led to a collaboration with the video game Animal Crossing, with Williams being transformed into a digital game character to teach the virtues of recycling.[74]

Rental clothing

[edit]

In May 2021, H&M announced a temporary rental clothing service that allows men to rent suits for up to 24 hours for job interviews. It began in the UK and was also being tested in the United States.[75]

Use of feathers

[edit]

In 2024, the company said that about 90% of the down and feathers in its products came from recycled items but that by the end of 2025, none of their items would use virgin down or feathers.[76]

Concept stores

[edit]
H&M store in Novi Sad, Serbia
H&M store at the Pavilions Shopping Centre, Birmingham, UK
H&M Asia flagship store at Causeway Bay, Hong Kong
Map of H&M stores in the U.S. as of April 2023

Six concept brands

[edit]

In addition to the H&M brand, the company consists of six individual brands with separate concepts.[77] Brands include Afound, Arket, COS, Monki, Weekday, and & Other Stories.[78]

COS

[edit]

COS launched its flagship store on London's Regent Street in March 2007 with a catwalk show at the Royal Academy.[79] Its concept is encompassed by minimalist style inspired by architecture, graphics, and design.[80][79]

It specializes in modern clothing pieces for men and women that are less trend-oriented than other similarly priced labels.[81] COS makes clothing that can be worn beyond the season.[82] COS has 197 stores in 34 countries[83] in Europe, Asia, North America, Australia and the Middle East and currently retails online to 19 markets via cos.com.

H&M Details

[edit]

2016 saw the hoarding of a new H&M concept in The Dubai Mall come up, labelled now 'H&M Details'.

Labor practices

[edit]

Working conditions

[edit]

Cambodia

[edit]

In August 2011, nearly 300 workers fainted in one week at a Cambodian factory supplying H&M. Fumes from chemicals, poor ventilation, malnutrition, and even "mass hysteria" have all been blamed for making workers ill. The minimum wage in the country is the equivalent of $66 (£42) a month, an amount that is less than half of what is required to meet basic needs, according to human rights groups.[84]

Bangladesh

[edit]

The same year, Bangladeshi and international labor groups put forth a detailed safety proposal that entailed the establishment of independent inspections of garment factories. The plan called for inspectors to have the power to close unsafe factories. The proposal entailed a legally binding contract between suppliers, customers, and unions. At a meeting in 2011 in Dhaka, major European and North American retailers, including H&M, rejected the proposal. Further efforts by unions to advance the proposal after numerous and deadly factory fires have been rejected.[85]

Myanmar

[edit]

A report by the Business and Human Rights Resource Centre (BHRRC) found a significant rise in worker abuse allegations in Myanmar garment factories since the military coup in 2021. H&M is investigating 20 such cases at their suppliers, while a report documented 156 in total over the past year. This has led some fashion brands like Inditex (Zara owner) to cut ties with Myanmar suppliers, while others like H&M and Bestseller are increasing monitoring efforts. The decision to stay or leave is complex, with some arguing continued engagement offers leverage for improvement, while others fear a race to the bottom if major brands exit.[86]

Supply chain transparency

[edit]

The Guardian wrote that in a conscious action sustainability report for 2012, H&M published a list of factories supplying 95% of its garments.[87] This contributes to the trend of corporations leaning toward ethically transparent supply chains.[88]

Slave and child labour

[edit]

On 2 January 2013, The Ecologist reported[89] allegations by Anti-Slavery International that H&M was continuing its association with the Uzbek government in exploiting child and adult forced labor as cotton harvesters in Uzbekistan.[90]

In September 2020, amid international allegations over the use of Uyghur forced labor in Xinjiang, H&M published a statement saying that it had stopped buying cotton from growers in Xinjiang, stating that it was "deeply concerned by reports from civil society organizations and media that include accusations of forced labor and discrimination of ethno-religious minorities".[91]

In February 2017, The Guardian reported children were employed to make H&M products in Myanmar and were paid 13p (about 15 cents US) an hour – half the full legal minimum wage.[92]

Since then, H&M has become a Fair Labour Association (FLA) member and has set a goal to achieve fair living wages throughout its supply chain by 2030.[93]

Factory building structural collapses

[edit]

Savar building, Bangladesh

[edit]

In April 2013, the Rana Plaza building collapsed in Bangladesh killing over 1,100 people. Fatalities were mostly garment workers. The incident is considered the deadliest non-deliberate structural failure accident and the deadliest garment factory disaster in modern history. The eight-story building complex that was not designed for factory production and had cracks in the structure that the owners ignored. Approximately 2,500 injured people were rescued from the rubble.

The company and other retailers signed on to the Accord on Factory and Building Safety in Bangladesh. In June 2016, SumOfUs launched a campaign to pressure H&M to honor the commitment they made and signed to protect Bangladesh's garment workers. SumOfUs alleged that "H&M is drastically behind schedule in fixing the safety hazards its workers have to face every day."[94]

Phnom Penh, Cambodia

[edit]

On 19 May 2013, a textile factory that produced apparel for H&M in Phnom Penh, Cambodia collapsed, injuring several people.[95] The incident has raised concerns regarding industrial safety regulations.

Living wage

[edit]

On 25 November 2013, H&M's global head of sustainability committed[96][97] that H&M, as the world's second-largest clothing retailer, would aim to pay all textile workers "living wage" by 2018, stating that governments are responding too slowly to poor working conditions in Bangladesh among other Asian countries where many clothing retailers source a majority if not all of their garments. Wages were increased in Bangladesh from 3,000 takas ($40) to 5,300 takas ($70) a month in late 2013.[98]

Fire safety report

[edit]

In September 2015, CleanClothes.org, an NGO involved in garment labor working conditions, reported on a lack of specific fire safety renovations in H&M suppliers' factories.[99]

Xinjiang region

[edit]

In 2020, the Australian Strategic Policy Institute accused 82 major brands, including H&M, of being connected to alleged forced Uyghur labor in Xinjiang.[100] Specifically the report mentions H&M as a customer of Huafu Top Dyed Melange Yarn Co. Ltd.[101] See also: §Boycotts by China. The evidence adduced was that between April 2017 and June 2018 2,048 Uyghur workers were taken "from Hotan Prefecture in Xinjiang to 15 factories in Anhui Province, including [a] Huafu [factory]",[102] and that H&M listed Huafu as a supplier.[103]

On 16 September 2020, H&M said it was ending its relationship with Huafu.[104] It further stated that it had "never had a business relationship with a mill owned by the yarn producer Huafu Fashion Co in Anhui province where workers from XUAR have been employed".[104]

Controversies

[edit]

Boycotts by China

[edit]

In March 2021, after the EU, UK, US, and Canada's joint sanctions against China over reports of human rights abuses in Xinjiang,[105] H&M's stance on avoiding forced labor in Xinjiang and claim of not going to use cotton produced there was found and criticized by the Communist Youth League of China on its official Weibo page. Their post stated, "Spreading rumors to boycott Xinjiang cotton, while trying to make a profit in China? Wishful thinking!"

The viral post spread across mainland Chinese social media, leading to H&M facing significant criticism among Chinese social media users.[106] On 24 March 2021, H&M became the first fashion brand to be targeted in China, with its products removed from Chinese e-commerce platforms such as Pinduoduo, JD.com and Alibaba, its mobile application removed from Chinese app stores, and rideshare platform DiDi blocking customers from requesting H&M stores as their destinations.[107] Two of H&M's brand ambassadors in China, Huang Xuan and Victoria Song, announced they were no longer collaborating with H&M.[108][109]

In August 2022, H&M resumed sales in China.[110]

Response

[edit]

Chinese state media outlet China Global Television Network countered the statements against Xinjiang cotton with a video showing automation in cotton-picking and local Uyghurs claiming that the industry brought high earnings.[109] On 26 March 2021, the United States condemned the China-backed boycotts, with its Department of Commerce stating that the United States "has taken strong actions to stop China from profiting off of its human-rights abuses in Xinjiang and to stop imports of products made with forced labor in China."[111]

On 31 March, H&M responded with a statement vowing to rebuild trust in China and serve its customers in a "respectful way".[112] H&M reported sales in China had fallen by approximately 23% for the second quarter of 2021 (compared to the same period in the last fiscal year).[113] According to a report,[114] more than half a million are forced to pick cotton in Xinjiang.[115]

Greenwashing claims

[edit]

A proposed class action lawsuit in the US alleged that H&M was greenwashing via the sustainability claims made in its Conscious Choice range. These claims were dismissed. Earlier this year, The Norwegian Consumer Agency (Forbrukertilsynet) said it believed Norrøna is "breaking the law" in marketing clothes as environmentally friendly and issued a warning to H&M GROUP against using the same type of environmental claims.[116]

Leaving Russia

[edit]

In March 2022, the H&M Group communicated[117] that they would pause their operations in Russia due to the Russian invasion of Ukraine.

Israel

[edit]

H&M has operated stores in Israel since March 2010 with its first store in Tel Aviv in partnership with local franchisee Match Retail, a division of Union Group.[118] As of December 2023, H&M operates 24 stores in Israel, predominantly around the region of Gush Dan. H&M does not operate any stores in the occupied areas of East Jerusalem or the West Bank.

However since opening in Israel, the Palestinian branch of BDS has campaigned for boycott of fashion chain, demanding that they pull out of the country.[119] H&M's continuing presence in Israel has led to protests in various stores in Europe,[120] especially since the invasion of the Gaza Strip.[121] The company initially closed its stores when the invasion started in October, however the company quietly reopened the stores.[122]

In January 2016, H&M initially put out and later pulled a tallit-like beige and dark blue striped scarf in its Israeli stores, after it was accused of being offensive to Jews.[123][clarification needed]

Australia

[edit]

In January 2024, the company was heavily criticized after its Australian branch released a school uniform advertisement with the slogan "Make those heads turn in H&M’s Back to School fashion".[124] Melinda Tankard Reist, an Australian writer, questioned the brand's motives, claiming that young girls just want to be left alone and don't want unwelcome attention.[125] The company removed the advertisement and apologized.[126]

Other controversies

[edit]
Time Controversy
6 January 2010 It was reported that unsold or refunded clothing and other items in one New York City H&M store were cut up before being discarded, presumably to prevent resale or use.[127]
24 January 2012 H&M was reported to have stolen the work of a UK-based artist, Tori LaConsay, using it on multiple items without compensating her.[128]
August 2013 H&M withdrew faux-leather headdresses from its Canadian stores after consumers complained the items, part of the company's "summer music festival" collection, were insulting to Canada's Aboriginal peoples.[129]
6 November 2015 H&M South Africa division was accused of racism for its lack of black models in their photoshoots,[130] later stating that white models convey a more "positive Image."[131]
8 January 2018 H&M showcased a black child model wearing a green hoodie reading "Coolest Monkey in the Jungle" on their official United Kingdom website,[132] which sparked controversy.[133][134][135][136][137][138] This was especially so in the United States due to the use of the term "monkey" on a black person.[132]

In response, Canadian and American singers such as The Weeknd and G-Eazy boycotted the company by ending their partnerships with it over the image.[139][140][141] H&M later released an apology: "This image has now been removed from all H&M channels and we apologise to anyone this may have offended."[142][143][144][145]

The mother of the model urged people to "stop crying wolf," deeming it "an unnecessary issue."[146] After the allegations, H&M stores were vandalized and looted in South Africa. In response, H&M temporarily closed stores there.[147][148]

13 July 2019 H&M docked the pay and suspended several unionized staff in three of its stores in New Zealand for wearing 'Living wage' stickers, as part of a wider industrial dispute.[149][150]
9 December 2020 Sweden's Equality Ombudsman (DO) started an investigation into H&M following a media report accusing it of racism in Swedish stores.[151]

Philanthropy

[edit]

Since January 2012 H&M has offered its H&M Design Award, an annual design prize for fashion graduates. The prize is established to support young designers with the beginning of their careers.[152]

See also

[edit]

Notes

[edit]
  1. ^ Total full-time equivalent positions; H&M reports do not publish total full-time, part-time and casual employment levels.
  2. ^ "Net sales"
  3. ^ "Profit after tax"
  4. ^ a b "markets"

References

[edit]
  1. ^ "HM B, HENNES & MAURITZ B, (SE0000106270)". Nasdaqomxnordic.com. Retrieved 16 February 2022.
  2. ^ "Markets and expansion". H&M Group. Retrieved 23 September 2024.
  3. ^ "CEO of H&M Group". Hm.com. Archived from the original on 4 October 2020. Retrieved 31 January 2024.
  4. ^ a b c "H&M – Hennes & Mauritz". Forbes.
  5. ^ a b "Annual Report 2016" (PDF). Hennes & Mauritz. Archived from the original (PDF) on 27 January 2018. Retrieved 27 February 2018.
  6. ^ "Operating profit of the H&M Group worldwide from 2009 to 2019". Statista. Retrieved 2 April 2020.
  7. ^ "Reports and presentations". H&M Group. 1 February 2024. Retrieved 26 February 2024.
  8. ^ Værnéus, Anders (15 February 2023). "svenskt mode i över 70 år". Dagens PS (in Swedish). Retrieved 26 February 2024.
  9. ^ BarkText, Susanne (13 April 2017). "H&M:s historia inifrån". Dagens industri (in Swedish). Retrieved 26 February 2024.
  10. ^ "HM B, Hennes & Mauritz B, (SE0000106270)". Nasdaq. Retrieved 26 February 2024.
  11. ^ "H&M Group Annual and Sustainability Report 2021" (PDF). H&M Group. Retrieved 5 July 2022.
  12. ^ "Top Five Largest Fashion Retailers in the World". 15 December 2018.
  13. ^ "Sales of major apparel retailers worldwide 2022". Statista. Retrieved 2 June 2024.
  14. ^ "H&M Names Company Veteran Erver CEO as Helmersson Steps Down". Bloomberg.com. 31 January 2024. Retrieved 31 January 2024.
  15. ^ "H&M CEO quits as fashion group fails to keep up with rivals". foxbusiness.com. 31 January 2024. Retrieved 9 August 2024.
  16. ^ "Who is Helena Helmersson, the new CEO of H&M?". www.themds.com. Retrieved 14 March 2023.
  17. ^ a b c d e "H&M: Our-History". Archived from the original on 19 March 2013.
  18. ^ "Mote og kvalitet til beste pris – H& NO". Hm.com. Retrieved 16 February 2022.
  19. ^ "Fashion and quality clothing at the best price – H& GB". Hm.com. Retrieved 16 February 2022.
  20. ^ "Annual Report 1998" (PDF). hm.com. 1998. Retrieved 7 March 2022.
  21. ^ "H&M Home Fashions". H & M Hennes & Mauritz AB. 28 November 2008. Retrieved 10 April 2009.
  22. ^ "Markets and expansion". H&M Group. Retrieved 7 March 2022.
  23. ^ "Best Global Brands Ranking for 2010". Archived from the original on 12 February 2011. Retrieved 15 February 2011.
  24. ^ "Interbrand, Best Global Brand List". Archived from the original on 13 August 2010. Retrieved 16 February 2022.
  25. ^ "BrandZ Top 100 Most Valuable Global Brands 2009" (PDF). Archived from the original (PDF) on 20 August 2010.
  26. ^ Velasquez, Angela (16 December 2022). "Good American Makes Friends with H&M". Sourcing Journal. Retrieved 27 December 2022.
  27. ^ "Hennes & Mauritz Sales Miss Estimates After August Heatwave". Bloomberg. 17 September 2012.
  28. ^ Compare: "Annual Report 2016" (PDF). Hennes & Mauritz. p. 53. Archived from the original (PDF) on 6 June 2014. Retrieved 30 December 2017. Operating profit amounted to SEK 22,168 m (21,754).
  29. ^ Ryan, Carol (1 October 2020). "H&M Heads Into Winter With a Sharper New Look". The Wall Street Journal. Retrieved 6 October 2020.
  30. ^ IEJRD (10 June 2022). "IMPACT OF COVID-19 ON H&M". Center for Open Science. doi:10.17605/OSF.IO/7YHXG.
  31. ^ "H&M Group temporarily pauses all sales in Russia". H&M Group. 2 March 2022. Retrieved 6 March 2022.[permanent dead link]
  32. ^ "Ukraine conflict: Growing numbers of firms pull back from Russia". BBC News. 6 March 2022. Retrieved 6 March 2022.
  33. ^ Maheshwari, Sapna (2 March 2022). "H&M halts sales in Russia after the invasion of Ukraine". The New York Times. ISSN 0362-4331. Retrieved 6 May 2023.
  34. ^ "H&M to sell off stock before leaving Russia". BBC News. 18 July 2022. Retrieved 6 May 2023.
  35. ^ "Zara, H&M among brands accused of exploiting Bangladesh workers". Al Jazeera. Retrieved 9 August 2024.
  36. ^ "Annual reports". H&M Group. Retrieved 25 November 2023.
  37. ^ "H&M Full-year report 2023" (PDF). H&M. 29 January 2024.
  38. ^ "Nyheter – DN.SE". DN.SE. Archived from the original on 30 September 2007.
  39. ^ "Abbigliamento di moda e qualità al miglior prezzo – H&M IT". H&M. Retrieved 30 May 2015.
  40. ^ "Magnificent Marimekko Patterns at H&M This Spring". www.dexigner.com. 20 November 2007. Retrieved 9 August 2024.
  41. ^ "H&M Announces Comme des Garçons Line". The Cut. 3 April 2008. Retrieved 8 April 2022.
  42. ^ "Fashion and quality clothing at the best price – H& US". Hm.com. Retrieved 16 February 2022.
  43. ^ "Jimmy Choo – Press Release". Cision Wire. Archived from the original on 20 June 2009. Retrieved 17 June 2009.
  44. ^ "Lanvin for H&M – Press Release". 30 November 2010.
  45. ^ "Lanvin combines with H&M to sell affordable designer party clothes". the Guardian. 2 November 2010. Retrieved 8 April 2022.
  46. ^ "H&M – Press Release". Cision Wire. Retrieved 21 June 2011.
  47. ^ Bergin, Olivia (3 May 2012). "Anna Dello Russo to design an accessories range for H&M". The Daily Telegraph. London. Archived from the original on 5 May 2012.
  48. ^ Schneier, Matthew (29 September 2017). "Isabel Marant Wants to Dress You and Your Boyfriend". The New York Times. ISSN 0362-4331. Retrieved 27 May 2021.
  49. ^ "Isabel Marant: 'Sometimes we give an image of life that will never exist'". the Guardian. 8 December 2013. Retrieved 27 May 2021.
  50. ^ "Ikon London Magazine Article". Ikon London Magazine. 29 October 2015. Retrieved 3 March 2018.
  51. ^ "H&M has signed up this major popstar to front its Christmas campaign". The Independent. Retrieved 9 June 2018.
  52. ^ "Kenzo X H&M". Ikon London Magazine. 12 June 2016. Retrieved 23 February 2018.
  53. ^ a b "H&M has made a short Wes Anderson film for its Christmas ad". BBC News. 28 November 2016. Retrieved 11 December 2016 – via BBC.
  54. ^ Brown, Tracy (28 November 2016). "H&M wishes you a very Wes Anderson Christmas". Los Angeles Times. ISSN 0458-3035. Retrieved 11 December 2016.
  55. ^ "Wes Anderson creates 'beautiful' and 'heartwarming' ad for H&M". The Daily Telegraph. Archived from the original on 11 January 2022. Retrieved 11 December 2016.
  56. ^ "Watch Wes Anderson's charming Christmas advert for H&M". lwlies.com.
  57. ^ "Zara Larsson designs collection with H&M". 2.hm.com. Archived from the original on 4 February 2019. Retrieved 9 June 2018.
  58. ^ WW, FashionNetwork com. "Naomi Campbell is the face of H&M's fall 2017 campaign". FashionNetwork.com. Retrieved 8 April 2022.
  59. ^ "H&M launching collaboration with 1960s designer Richard Allan this summer". Independent.co.uk. 21 July 2019.
  60. ^ "Beirut-based Sandra Mansour creates line with H&M: The first Arab designer to do so". Thenationalnews.com. 17 July 2020.
  61. ^ "You can now shop the Simone Rocha x H&M collection online". You.co.uk. 11 March 2021.
  62. ^ "H&M to launch global clothes collecting initiative – Telegraph". Fashion.telegraph.co.uk. Retrieved 16 February 2022.
  63. ^ "News". About.hm.com. Archived from the original on 16 December 2012. Retrieved 16 February 2022.
  64. ^ "I:CO-System – I:CO – RETHINK. RECYCLE. REWARD. –". Archived from the original on 23 December 2012.
  65. ^ "Deforestation for fashion: getting unsustainable fabrics out of the closet". The Guardian. 25 April 2014.
  66. ^ Segran, Elizabeth (27 January 2021). "H&M is one of fashion's biggest polluters. Now its foundation is on a $100 million quest to save the planet". Fastcompany.com. Retrieved 27 May 2021.
  67. ^ "Home". Oecd-ilibrary.org. Retrieved 16 February 2022.
  68. ^ "Why is H&M's sustainability push failing to resonate with consumers?". Thedrum.com. Retrieved 27 May 2021.
  69. ^ "Fashion Chain H&M Offers $1m Recycling Prize for Reusable Clothing". The Guardian. 24 August 2015. Retrieved 29 August 2015.
  70. ^ "H&M Foundation Launches A Virtual Clothing Collection Supporting 10 Sustainable Fashion Startups". Hybrid Rituals. 21 June 2021.
  71. ^ "H&M suspends Brazil leather purchases over Amazon fires". Radio France Internationale. Agence France-Presse. 5 September 2019. Archived from the original on 13 March 2023. Retrieved 6 September 2019.
  72. ^ "H&M Halts Leather Purchases From Brazil After Amazon Wildfires". NDTV.com. Retrieved 6 September 2019.
  73. ^ Okwodu, Janelle (12 April 2021). "Maisie Williams, H&M, and Animal Crossing Joined Forces to Recycle Your (Virtual) Clothes". Vogue.com. Retrieved 20 April 2021.
  74. ^ Davis, Jessica (12 April 2021). "Maisie Williams just landed a major new role at H&M". Harpersbazaar.com. Retrieved 27 April 2021.
  75. ^ Yates, Jacqueline Laurean. "H&M introduces sustainable rental clothing service ONE/SECOND/SUIT". Good Morning America. Retrieved 27 May 2021.
  76. ^ "H&M to phase out virgin down by the end of 2025," Reuters, 4 October 2024.
  77. ^ "H&M Group". Archived from the original on 16 December 2014. Retrieved 30 May 2015.
  78. ^ Rozario, Kevin (30 November 2022). "H&M Staff Cuts And Other Savings Of Almost $200 Million Fail To Convince Markets". Forbes.
  79. ^ a b Walker, Harriet (11 June 2012). "Cos: Thoroughly modern minimalism". The Independent. Retrieved 12 December 2016.
  80. ^ Howarth, Dan (5 November 2014). ""Design and architecture has been a key influence" for COS". Dezeen. Retrieved 12 December 2016.
  81. ^ Bernard, Katherine. "Coming to America: Why Vogue Loves COS Clothes". Vogue. Archived from the original on 20 December 2016. Retrieved 12 December 2016.
  82. ^ "H&M group – COS". about.hm.com. Archived from the original on 13 January 2017. Retrieved 11 January 2017.
  83. ^ "Store Locator – COS GB". cos.com.
  84. ^ Butler, Sarah (2 February 2012). "Cambodian workers hold "people's tribunal" to look at factory conditions". The Guardian. London. Retrieved 2 February 2012.
  85. ^ "Big brands rejected Bangladesh factory safety plan". Yahoo News. 26 April 2013.
  86. ^ "H&M probes alleged Myanmar factory abuses as pressure intensifies". Reuters. 17 August 2023.
  87. ^ Lucy Siegle (24 April 2013). "H&M: how does the fashion retailer's sustainability report stack up?". The Guardian.
  88. ^ "In this issue of SCMR: The ethical supply chain". Scmr.com. Retrieved 3 April 2021.
  89. ^ "Conservative MP 'promoted cotton trade linked to child labour'". The Ecologist. 2 January 2013. Retrieved 1 April 2013.
  90. ^ "Stop H&M Being Complicit in Cotton Crimes". Anti-Slavery International website. Archived from the original on 3 April 2013. Retrieved 1 April 2013.
  91. ^ Paton, Elizabeth (24 March 2021). "H&M Faces Boycott in China Over Stance on Treatment of Uyghurs". The New York Times. ISSN 0362-4331. Retrieved 28 March 2021.
  92. ^ Chamberlain, Gethin (5 February 2017). "How high street clothes were made by children in Myanmar for 13p an hour". The Guardian.
  93. ^ "Sustainability". H&M Group. 26 September 2023. Retrieved 22 November 2023.
  94. ^ "H&M: Honour your commitments to protect garment workers in Bangladesh". SumOfUs. Retrieved 25 June 2016.
  95. ^ "H&M Clothes Made in Collapsed Cambodian Factory - WSJ.com". Online.wsj.com. Retrieved 8 November 2013.
  96. ^ Thomasson, Emma (25 November 2013). "H&M will aim to pay all textile workers "living wage" by 2018". Reuters.com. Retrieved 28 November 2013.
  97. ^ Liebelson, Dana (6 January 2014). "H&M Plans to Pay Garment Workers Fair Wages. Here's Why That's Probably BS". Mother Jones. Retrieved 24 October 2014.
  98. ^ Shanley, Mia (10 April 2014). "H& calls for faster factory inspections in Bangladesh". Reuters.
  99. ^ "Evaluation of H&M Compliance with Safety Action Plans for Strategic Suppliers in Bangladesh" (PDF). The Clean Clothes Campaign. September 2015. Retrieved 23 October 2016. 16% of H&M factories haven't removed locking doors ... 61% of H&M factories with no fire exits
  100. ^ Xu, Vicky Xiuzhong; Cave, Danielle; Leibold, James; Munro, Kelsey; Ruser, Nathan (1 March 2020). "Uyghurs for Sale". Australian Strategic Policy Institute. Retrieved 21 March 2022.
  101. ^ Vicky Xiuzhong Xu (2020). "Uyghurs for sale". Australian Strategic Policy Institute. p. 34.
  102. ^ Vicky Xiuzhong Xu (2020). "Uyghurs for sale". Australian Strategic Policy Institute. footnote 185.
  103. ^ Vicky Xiuzhong Xu (2020). "Uyghurs for sale". Australian Strategic Policy Institute. footnote 187.
  104. ^ a b "H&M to end 'indirect' relationship with Chinese supplier amid 'forced labour' allegations". Independent.co.uk. 16 September 2020.
  105. ^ "EU, US, UK, Canada target China officials over Uyghur abuses". ABC News (Australia). 23 March 2021. Retrieved 26 March 2021.
  106. ^ Westcott, Ben (26 March 2021). "H&M and Nike are facing a boycott in China". CNN Business. Retrieved 26 March 2021.
  107. ^ Zhang, Tianwei; Ap, Tiffany; Clark, Evan (25 March 2021). "Xinjiang Cotton: Li Ning, Anta Shares Surge While Nike, Adidas, Burberry Hit With Backlash". Wwd.com. Retrieved 28 March 2021.
  108. ^ Tianwei Zhang; Tiffany Ap (24 March 2021). "H&M Removed From All Major Chinese Platforms Over Xinjiang Cotton Ban". Women's Wear Daily. Retrieved 28 March 2021.
  109. ^ a b "H&M faces boycott in China over Xinjiang cotton". MSN. BBC News. 25 March 2021. Retrieved 30 March 2021.
  110. ^ Lin, Clarence Leong and Liza (16 August 2022). "H&M Returns to China's Internet After a 16-Month Disappearance". The Wall Street Journal. ISSN 0099-9660. Retrieved 16 August 2022.
  111. ^ Mauldin, Alex Leary and William (26 March 2021). "U.S. Condemns Chinese Boycotts of Companies Shunning Xinjiang Cotton". Wall Street Journal. ISSN 0099-9660. Retrieved 28 March 2021.
  112. ^ Soderpalm, Helena; Ringstrom, Anna (31 March 2021). "H&M vows to rebuild trust in China after Xinjiang backlash". Reuters. Retrieved 2 April 2021.
  113. ^ "H&M: Fashion giant sees China sales slump after Xinjiang boycott". BBC News. 2 July 2021. Retrieved 2 July 2021.
  114. ^ "Coercive Labor in Xinjiang: Labor Transfer and the Mobilization of Ethnic Minorities to Pick Cotton". Archived from the original on 7 February 2021. Retrieved 5 October 2021.
  115. ^ "Xinjiang: more than half a million forced to pick cotton, report suggests". TheGuardian.com. 15 December 2020.
  116. ^ "H&M under fire in US over sustainable material claims". Just Style. 15 November 2022. Retrieved 1 December 2022.
  117. ^ "H&M Group temporarily pauses all sales in Russia". H&M Group. 2 March 2022. Retrieved 11 January 2023.
  118. ^ "FIRST H&M STORE IN ISRAEL OPENS TODAY". H&M Group. 11 March 2010. Retrieved 27 December 2023.
  119. ^ "European groups: Boycott H&M over Israel stores". BDS Movement. 11 March 2010. Retrieved 27 December 2023.
  120. ^ "H&M Whitewashing Israel's Colonization of Jerusalem, BDS National Committee calls for Boycotting H&M!". www.inminds.co.uk. Retrieved 27 December 2023.
  121. ^ Mallikka, Miabell (5 December 2023). "H&M targeted in pro-Palestine boycott campaign". Scandasia. Retrieved 27 December 2023.
  122. ^ FashionUnited (13 October 2023). "Zara, H&M and American Eagle: Fashion responds to Israel-Hamas situation". FashionUnited. Retrieved 27 December 2023.
  123. ^ "H&M pulls tallit-like scarf from Israeli stores". The Times of Israel. Archived from the original on 26 December 2023. Retrieved 9 January 2016.
  124. ^ Ronald, Issy (22 January 2024). "H&M pulls school uniform ad in Australia after complaints it sexualized children | CNN Business". CNN.
  125. ^ "Australia: H&M Faces Backlash and Drops Controversial Ad Accused of Sexualizing Children". Bru Times News.
  126. ^ "H&M pulls ad accused of sexualizing young girls – DW – 01/23/2024". dw.com.
  127. ^ (registration required) Dwyer, Jim (6 January 2010). "A Clothing Clearance Where More Than Just the Prices Have Been Slashed". The New York Times. Retrieved 6 January 2010.
  128. ^ "H&M Is Getting Slammed For Allegedly Copying An Artist's Design". 25 January 2012. Retrieved 24 September 2015.
  129. ^ "H&M withdraws 'offensive' headdresses". the Guardian. 9 August 2013.
  130. ^ "H&M in racist debacle over 'positive image' tweet for lack of black models". TimesLive. 6 November 2015. Retrieved 8 January 2018.
  131. ^ "H&M South Africa Racist Tweets – News One". News One (Pakistani TV channel). 10 November 2015. Retrieved 8 January 2018.
  132. ^ a b "Terry Mango, Mom of Model Used to Sell Monkey Hoodie Defends H&M". ebony.com. 10 January 2018.
  133. ^ "H&M monkey hoodie sparks outrage for "racist" image". CBS News. 8 January 2018. Retrieved 8 January 2018.
  134. ^ "H&M apologizes for using black child to sell 'coolest monkey' top". CNN. 8 January 2018. Retrieved 8 January 2018.
  135. ^ "H&M slammed as racist for 'monkey in the jungle' hoodie". CNBC. 8 January 2018. Retrieved 8 January 2018.
  136. ^ "H&M is apologizing for a product image called out as racist". Quartz. 8 January 2018. Retrieved 8 January 2018.
  137. ^ "H&M apologises following backlash over 'racist' image of child model on website". The Independent. 8 January 2018. Retrieved 8 January 2018.
  138. ^ "H&M Faces Twitter Backlash for "Racist" Hoodie – Pret-a-Reporter". The Hollywood Reporter. 8 January 2018. Retrieved 8 January 2018.
  139. ^ "The Weeknd tweets that he's cutting ties with H&M over hoodie ad". Business Insider. 8 January 2018. Retrieved 8 January 2018.
  140. ^ "The Weeknd Cuts Ties With H&M After Racist Ad: 'Shocked and..." KPRC-TV. 8 January 2018. Archived from the original on 9 January 2018. Retrieved 8 January 2018.
  141. ^ "G-Eazy ends partnership with H&M over 'disturbing' viral 'monkey' sweatshirt – SFGate". SFGate. 9 January 2018. Retrieved 10 January 2018.
  142. ^ "'Coolest monkey in the jungle': H&M in hot water after 'distasteful' hoodie ad – SBS News". sbs.com.au.
  143. ^ "H&M issues unequivocal apology for poorly judged product and image". HM.com. Archived from the original on 10 January 2018. Retrieved 10 January 2018.
  144. ^ "H&M on Twitter". Twitter. 8 January 2018. Retrieved 10 January 2018.
  145. ^ "H&M on Twitter: "We'd like to put on record our position in relation to the controversial image of our hoodie. Our position is simple – we've got this wrong and we're deeply sorry". Twitter. 8 January 2018. Retrieved 10 January 2018.
  146. ^ "Terry Mango, Mom of Model Used to Sell Monkey Hoodie Defends H&M". ebony.com. 10 January 2018.
  147. ^ "H&M shops trashed in South Africa over "racist" hoodie". Harper's Bazaar. 15 January 2018.
  148. ^ "UPDATE: Police confirm rubber bullets fired in H&M protests as shop looted". News 24.
  149. ^ "H&M staff suspended for wearing stickers: Union". Stuff. 13 July 2019. Retrieved 13 July 2019.
  150. ^ "Auckland H&M workers suspended after sticker protest for living wage". TVNZ. Retrieved 13 July 2019.
  151. ^ "Swedish equality ombudsman launches discrimination probe into H&M after media report". Reuters. 9 December 2020. Retrieved 9 December 2020.
  152. ^ "The H&M Design Award". dexigner.com. 13 January 2012.

Further reading

[edit]
  • Myhr, Karin Jansson (2019). Historien om ett företag: H&M. Storytel.
  • Stannow, Lena (2021). Min sanning : ... efter alla år med H&M. Ultima Esperanza Books. ISBN 9789198691306.
[edit]
Wikimedia Commons has media related to H&M.
Retrieved from "https://en.wikipedia.org/w/index.php?title=H%26M&oldid=1255408261"