H&M's e-tail business and new chains will be its biggest growth drivers in the next few years and are a focus for investment, it said Wednesday, as it also said that the start of the year has seen it discounting heavily.
H&M will unveil another new brand next year with e-tail and pop-up label Nyden. It will be a launch with a twist as the Millennial-focused brand goes for co-creation, authenticity and speed - but not 'fast fashion'.
London’s West End has continued to see major brand investment this year despite the volatile UK economy and shaky footfall in the Greater London area generally. 2017 store debuts have already beaten last year's total.
Retailers in London’s West End are predicted to take over £50 million a day in the six weeks to Christmas but till receipts should rise only 1.5% overall. There will be a tourist boost, but not as large as last year's.
H&M’s Q3 revenue growth was dampened by a need to offer more discounts, the Swedish fashion retail giant said Friday, although it also added that the cloud had a silver lining as its AW inventory is much cleaner.
H&M has just filed its UK results for the year to November 30 2016 and the figures confirm how tough fashion retailers had it last year with sales and profits broadly flat despite more stores in its third biggest market.