2010 REVIEW OF THE YEAR – CLOTHING AND TEXTILE SECTOR
October 1st, 2010
BY KEITH NUTHALL
RETAIL - WINNERS AND LOSERS
WINNERS
H&M
The Sweden-based brand expanded across the world this year, planning to open 220 new stores, mostly in western Europe and the US. Hennes & Mauritz' (H&M) third quarter sales of SEK26.89bn (US$4bn) showed a sharp 14% increase on the previous quarter. First quarter profits were better still - up 42%, through strong sales of spring fashions, albeit helped by an early Easter. September saw the launch of H&M's UK e-commerce store including a tie-up with influential brand Lanvin. Meanwhile the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.