Find in the news:
BY COUNTRY

H&M Will Start Selling External Brands in its Stores



The Swedish group Hennes & Mauritz started an experiment in selling third-party branded products in the stores of H&M network.
H&M

For one of the world's largest fashion retailers, this is a significant change in strategy, with the possibility of competing with online multi-brand stores such as Zalando and ASOS.

Previously, third party branded products were sold in H&M-controlled stores & Other Stories and Arket. H&M notes that the expansion of the offer and introduction of new brands will allow the company to attract new customers. Other details of the pilot project in the company are not disclosed yet. 

"The main task is to supplement our offer with external brands. This way, we will bring more inspiration and energy, and we see more opportunities for growth and new customers," H&M said in a statement on its website.
It should be noted that over the past three years, the profit of the world's second-largest fashion retailer (H&M revenue is second only to Inditex) has been declining. And the main reason for the negative dynamics is the slowdown in sales in retail stores of H&M, which generate the primary revenue of the group. This week it became known that H&M sales in the third quarter of 2019 increased by 8%. The news had a positive impact on H&M stock quotations, although investors are still concerned about the latest operating results of the company, which keeps the retailer's securities under pressure. 

Among the large fashion retailers who switched to the multi-brand store model, the British company Next is particularly notable. Over the past ten years, the company's website with a single brand has become a full-fledged aggregator for the sale of clothing, footwear, and household goods from various suppliers. Anyway, it is too early to talk about a full transition of H&M to a new model of development. The possibility of expanding the project to introduce new brands and products in the range of products in the company will be reported after the experiment. 

More about shopping malls in Sweden



Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Sep 19, 2022, Sweden:
The official opening of the flagship store at Drottninggatan 53 is scheduled for September 30, 2022.
Sep 16, 2022, South Korea:
The store will be located at Lotte World Mall in Seoul's Jamsil district.
Sep 15, 2022, USA:
Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
Sep 14, 2022, Spain:
Sales of the Indetex Group increased by almost 25% for the first half of the year.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us