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H&M launching new activewear line to “democratise sportswear”

Fashion retailer H&M is launching a new activewear line worldwide called H&M Move on August 4 that will showcase a more accessible vision of sport by reframing it as movement. H&M Move will be available in 2,500 H&M stores and online from August 4 to offer “stylish and functionable movewear” to support men, women and children of all abilities...

3 Aug 2022

BusinessFeatured

H&M to sell Russian assets to ‘friendly’ company

Global retailer H&M is reportedly looking into selling its Russian business a few weeks after it announced it was “winding down” its operations in the country. Initially reported by Reuters, the group’s decision to sell was announced in a statement by the Russian Ministry of Industry and Trade, which said a potential buyer could be either a...

1 Aug 2022

BusinessFeatured

New Cotton Project marks halfway point with H&M and Adidas

The New Cotton Project has announced its completion of the first half of its three year project, which it has marked with the release of its first white paper and commercial collection launches with H&M and Adidas. Launched in 2020, the consortium, which consists of 12 players within the manufacturing value chain and research institutes, was...

1 Aug 2022

Fashion

H&M launches Sustainable Fashion and Journalism Awards with CSM

H&M’s UK division has launched its new annual Sustainable Fashion and Journalism Awards with the goal of supporting designers and fashion journalists in accelerating the shift to circular fashion. Four winners of the inaugural scholarships will each receive a grant to support their collections and degree projects, as well as further networking...

1 Aug 2022

BusinessFeatured

H&M Group begins ‘winding down’ in Russia

Following its decision to pause all sales in Russia, as announced March 2, the H&M Group has now said that it will be taking steps to wind down its business in the country, citing “operational challenges and an unpredictable future”. As part of the process, the group, which has been operating in the region since 2009, will temporarily reopen its...

18 Jul 2022

FashionFeatured

H&M 'greenwashed' its sustainability scores, says investigation

In May last year Higg, a sustainability software platform that helps companies measure impact, launched scorecards as part of the Higg Sustainability Profiles and Higg Index Materials. In simple terms, it offered a scorecard to provide a standardised way to compare performance across different products and brands, providing shoppers with an...

4 Jul 2022

BusinessFeatured

First 24 hour metaverse festival sees Burberry and H&M discuss brand loyalty in virtual world

A new 24 hour metaverse festival launched this week, bringing together leaders in the fashion industry to discuss the future of the digital world. Meta Festival, which was organised and co-founded by global digital agencies Dept and Journee, looked to establish a conversation around the metaverse, with the likes of tech developers and digital...

1 Jul 2022

Business

H&M links with Google Cloud on data analytics development

The H&M Group has established a new partnership with Google Cloud that will see the retailer utilise the platform’s data analytics capabilities in a bid to enhance customer experience and supply chain enablement. The duo will be collaborating on the development of an “enterprise data backbone”, which will include a core data platform and...

30 Jun 2022

BusinessFeatured

H&M reports jump in profit as shoppers return to stores

Swedish fashion giant H&M Group has reported strong profit growth in the first half of the year as the ending of lockdowns saw global shoppers flock back to stores. The group, whose portfolio of brands includes Cos, Weekday, Monki, and Arket, made a profit after tax of 3.9 billion Swedish krona (around 365 million euros) in the first six months...

29 Jun 2022

Business

H&M reports 12 percent rise in Q2 sales

In a brief statement on Wednesday, Swedish fashion giant H&M revealed sales ahead of expectation in the second quarter of the year. The group, whose portfolio includes Zara, Massimo Dutti, and Pull & Bear, reported a 12 percent year-over-year increase in net sales in local currencies to 54.5 billion Swedish krona compared to 46.5 billion Swedish...

15 Jun 2022

FashionFeatured

H&M and Lululemon back Fashion Climate Fund to cut carbon emissions

Non-profit organisation Apparel Impact Institute (Aii) has announced that Lululemon, H&M Group, H&M Foundation, and The Schmidt Family Foundation are the lead investors in a 250 million US dollar fund that will be used to identify, fund, scale, and measure verified impact solutions to decarbonise and modernise fashion industry supply chains. The...

9 Jun 2022

BusinessFeatured

Colorifix raises 18 million pounds in Series B round led by H&M

Colorifix has announced the closing of a Series B funding round of 18 million pounds led by the H&M Co:lab, the investment art of the H&M Group. The biotech company, which said it is the first to pioneer an entirely biological dyeing process, is looking to enter into an industrial scale-up after its first customer implementation with the Valé...

2 Jun 2022