OTHER STORIES news and archive

& Other Stories launches first kids’ capsule collection

Retailer & Other Stories is launching a collection for women and kids, for the first time, featuring summery, printed dresses and sets all in sustainably sourced materials. The collection is inspired by the importance of female role models in a young girl’s life and features six matching looks, a dress for the woman and a dress or coordinated...

Featured

Fashion

& Other Stories launches collaboration with Rejina Pyo

South Korean-born, London-based Rejina Pyo is collaborating with retailer & Other Stories for spring/summer 2021. Launching on April 15, the Rejina Pyo co-lab collection will feature “versatile, wearable ready-to-wear pieces,” explains & Other Stories, which will “stay relevant and testify to their quality over time”. Inspired by the strength...

Featured

Fashion

Rejina Pyo unveils collaboration with & Other Stories

Business

Temporary store closures affect H&M sales, drop by 21 percent

In the first quarter 2021, the H&M group recorded net sales decrease of 21 percent in local currencies compared with period between December 1, 2019 to February 29, 2020. Converted to SEK, the company said in a statement, the group’s net sales amounted to 40,060 million Swedish krona compared to 54,948 million Swedish krona. The company added...

Featured

Business

H&M reports drop in full year sales and profit

The H&M group’s net sales amounted to 187,031 million Swedish krona in the 2020 financial year. In local currencies, net sales decreased by 18 percent. The company said, sales development was significantly negatively affected by the pandemic, particularly in the second quarter when stores were temporarily closed in most markets; at the most,...

Business

H&M’s Q4 net sales drop by 10 percent

In the fourth quarter of 2020, the H&M group’s net sales decreased by 10 percent in local currencies compared with the corresponding period last year. For the full financial year, the company said in a statement that net sales decreased by 18 percent in local currencies. Converted to SEK the group’s net sales amounted to SEK 52,543 million...

Retail

H&M launches COS, Monki, ARKET and more online in Russia

COS, Weekday, Monki, & Other Stories and ARKET are launching ecommerce stores in Russia. The H&M Group-owned brands will each become available online in Russia this fall. The five brands each launched several new ecommerce sites throughout Europe in May of this year, and have sights set on Switzerland shortly after their Russian launches. “...

Business

H&M expects to post profit in Q3

In the third quarter 2020, for the period June 1, 2020 to August 31, 2020, the H&M group’s net sales decreased by 16 percent in local currencies compared with the corresponding period last year. Converted to SEK, the company said in a statement, net sales decreased by 19 percent to 50,870 million Swedish krona (5,807 million dollars). The...

Retail

& Other Stories debuts vending machine to sell cosmetics

& Other Stories is discovering new ways to connect with consumers in a retail landscape that has been changed to accommodate social distancing measures. The H&M Group-owned brand has launched a new retail experience in Galeries Lafayette: a vending machine. The vending machine will offer four of the brand's best-loved fragrances from its bath...

Fashion

H&M Group suspends staff for use of racial slur

H&M Group has said it is “deeply sorry” and has suspended employees from its & Other Stories brand after a racial slur was used in an internal product overview. CEO Helena Helmresson said the company has launched an internal and external investigation and has suspended the team and managers responsible for the area of the business where the...

Business

Hit by Covid-19, H&M sales fall by 57 percent

The H&M group’s total sales during the period March 1 to May 6 this year decreased by 57 percent in local currencies compared with the same period in 2019. Online sales, the company said in a statement, which are open in 46 of the company’s 51 online markets, increased by 32 percent in the same period. Around 80 percent of the group’s stores...

Business

H&M signs 980 million euro credit facility to boost liquidity buffer in response to Covid-19

H&M Hennes & Mauritz AB has signed a new 12 months 980 million euros revolving credit facility with a six months extension option in order to further strengthen its liquidity buffer and financial flexibility in response to the Covid-19 situation. The company said in a statement: “The H&M group’s liquidity remains good. The group is continuing...