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.
The New York-based cosmetics company has created an online augmented reality try-on service for its CoverGirl brand, allowing consumers to experiment with full makeup looks without having to download an app.
Inditex may have beaten the tough market in its latest period but fellow giant H&M hasn’t done so well. It said that while it “continued to grow globally during 2017 in a rapidly changing industry,” Q4 sales dropped.
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.