H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.
The Swedish fast fashion retailer has joined forces with the Los Angeles-based womenswear label for a collaboration seeking to combine contemporary sophistication with vintage touches and sustainable materials.
Retailers and unions negotiating over a legally binding workers' safety accord in Bangladesh due to expire on Monday reached a tentative deal to extend it by three months, unions involved in discussions said.
Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M, said on Monday it was opening in 20 more European countries, in a bet demand for sustainable fashion will keep growing.
Financial tech start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential growth as the coronavirus pandemic drives a shift in consumer spending online.
The Touchwood shopping centre in Solihull has a new owner. US-based real estate investment and asset management firm Ardent Companies has bought the Midlands mall from Lendlease Retail Partnership for an undisclosed sum.