H&M Group is diving deep into fashion rental and is now testing subscription rental in China though its innovation department The Laboratory, as well as its COS label and Chinese subscription rental company YCloset.
The latest player to enter the rapidly developing fashion rental market is Swedish fast fashion giant H&M, with a deft high street collection of archival evening wear, in a concept store that opens this Friday.
TJX Cos Inc raised its full-year profit forecast on Tuesday and reported better-than-expected quarterly same-store sales, as well as its acquisition of an ownership stake in Russian off-price retailer Familia.
J.C. Penney Co on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, showing efforts to revive sales and profits at the department store are taking hold.
H&M as a group has been diving deep into sustainability in recent periods and has just announced that it’s “saving” damaged garments in its first-ever Restore Collection, which launches through its COS chain.