- November 7, 2023
The holidays are fast approaching, and gifts are on everyone’s minds. With so many shopping apps available, it can be overwhelming to pick one to browse. Fortunately, PYMNTS has you ...
- November 1, 2023
Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion.
This has made Tabby ...
- October 16, 2023
“Ugh — I really don’t want to have to return it,” every consumer has thought to themselves at some point. According to the National Retail Foundation, 79% of shoppers under the ...
- October 2, 2023
The intersection of technology, social dynamics and economic factors has created an environment where theft — both individual and organized — has proliferated. And H&M is the most recent victim ...
- September 22, 2023
A growing number of retailers have introduced fees for online returns, and whenever a retailer adopts this strategy, it typically elicits a robust response from consumers. However, this approach comes ...
- September 13, 2023
H&M is planning to sell secondhand clothing from its flagship London store.
The Swedish apparel retailer will debut its “Pre-Loved” collection of womenswear Oct. 5, the company said in a news ...
- August 1, 2023
Facing pressure to improve their environmental record, clothing makers want to repair customers’ worn garments.
It’s a trend PYMNTS has been following since last year and the subject of a Tuesday (Aug. 1) ...
- July 14, 2023
While there’s been a growing recognition around the mass potential of niche markets, brands and retailers have recently looked to diversify their offerings, hoping to convert more browsers into paying ...
- July 5, 2023
Returns have long been a cumbersome process for consumers, commonly regarded as a task most of them detest. This intense dislike has gradually permeated through brands and retailers, impacting their ...
- July 3, 2023
The announcement that H&M and Shein are diversifying their offerings through third-party assistance (brand incorporation or sellers) isn’t unusual because now when a consumer shops on Shein they can find ...
- June 22, 2023
Who said quality had to be expensive? As the stigma around shopping at dollar stores fades and the demand for affordable alternatives and replicas increases, brands and retailers are becoming ...
- June 9, 2023
In recent years, sustainability has become a hot topic across various industries, including the retail sector. Companies are increasingly under pressure to adopt environmentally friendly practices and reduce their carbon ...
- May 15, 2023
The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for fear of damaging their brand ...
- April 26, 2023
While Sephora and H&M are just two of the biggest names in the retail industry, they’re also at the forefront of sustainability initiatives which are not only aligning with customer ...
- April 20, 2023
At this point, the lack of product selection amid an inflationary environment has a chicken-and-egg feel to it. As reported earlier this month by The Wall Street Journal, merchants and ...
- April 19, 2023
From Stella McCartney launching sustainable beauty to Dries Van Noten and Off-White expanding into makeup or skincare, apparel retailers have increasingly made strategic efforts into the beauty industry, seeing it ...
- March 30, 2023
Clothing retailer H&M saw sales rise in its latest quarter, while also posting a surprise profit.
The Swedish fast-fashion chain announced in a Thursday (March 30) earnings release that its sales ...
- March 15, 2023
Fast fashion brand H&M saw a slight increase in sales as it faces increased competition in the crowded sector.
The Swedish company on Wednesday (March 15) issued a report on its ...
- March 14, 2023
The fast-fashion wars are opening an unlikely new front — the resale space — as retailer H&M and fashion reCommerce platform thredUP disclosed a new partnership on Tuesday (March 14).
In announcing ...
- March 6, 2023
If declining sales and the continued stress to keep bottom lines healthy were not enough pressure already, retailers are today faced with another key challenge — the rising cost of ...
- February 17, 2023
Shein is reportedly telling investors that it plans to double its revenue by 2025.
The Financial Times (FT) reported Friday (Feb. 17) that the online fast fashion giant also expects its ...
- January 27, 2023
The fast-fashion wars got intense in 2022 as relative newcomer Shein outpaced a competitive set, including H&M, Uniqlo and Zara, setting up a battle for primacy in 2023.
This, as the ...
- December 15, 2022
H&M’s struggles continued this week with sales figures suggesting increased pressure from fast-fashion rivals.
The Swedish retailer said Thursday (Dec. 15) that net sales for its fourth quarter were up 10%, ...
- December 12, 2022
Weak sales have driven a wave of retail closures across Europe.
In October, for example, Germany’s Federal Statistical Office reported a 2.8% decline in retail turnover compared to the month prior, ...
- October 28, 2022
Fast-fashion retailer Shein is reportedly generating revenue at a rate that is putting it close to that of its rivals, H&M and Zara.
The online retailer is expected to generate revenue ...
- September 30, 2022
Today in Europe, the Middle East and Africa, H&M announced that it will trial charging a fee when customers return items they’ve purchased online and Klarna has teamed with CellPay ...
- September 30, 2022
H&M may become the latest merchant to begin charging a fee when customers return items they’ve purchased online.
The fashion retailer is going to test this initiative, H&M CEO Helena Helmersson ...
- July 18, 2022
H&M Group is “winding down the business” in Russia after pausing sales in the region in early March following the country’s attacks on Ukraine, according to a Monday (July 18) ...
- July 8, 2022
It’s inexpensive and looks good just long enough, but fast fashion is taking flak for its environmental impact, potentially making circular fashion the next big thing in apparel.
Pushback against fast ...
- June 29, 2022
Fashion retailer H&M says it expects to raise prices in the coming year following a report that shows its shoppers don’t mind paying full price.
“The H&M group’s sales increase in ...
- June 24, 2022
Today in retail, U.S. senators are trying again to get support for Payment Choice Act, while H&M closes its Shanghai, China, flagship location amid supply chain issues and backlash over ...
- June 24, 2022
Fashion retailer H&M has closed its Shanghai, China store, the latest move in that nation after consumer demand is flagging as the country has just begun to lift restrictions related ...
- June 15, 2022
Today in retail, retail sales fall unexpectedly in May, while shoppers return to H&M stores. Plus, retailers fight fraud, Shopee cuts staff, Walmart teams with Miranda Lambert, and Clip Money ...
- June 15, 2022
The lifting of quarantines and other pandemic-related restrictions across Europe and around the world led shoppers to return to the brick-and-mortar locations of fashion retailer H&M, giving the company a ...
- March 31, 2022
Today in retail, Tempur Sealy expects to report 15% year-over-year growth for fiscal 2022’s first quarter, while FTD uses data to grow lifelong customers of the ever-evolving brand. Plus, Faire ...
- March 31, 2022
H&M stock tumbled 12% Thursday (March 31) after the clothing retailer’s sales slowed down in March as Russia’s invasion of Ukraine had consumers rethinking whether they needed to update their ...
- March 17, 2022
In today’s top Europe, Middle East and Africa news, financial regulators in the European Union have warned consumers that cryptocurrencies are highly risky, while H&M is selling external fashion brands ...
- March 17, 2022
Today in retail, the roller-coaster ride continues for Warby Parker’s stock, while relationship commerce is helping brands reduce their customer acquisition costs. Plus, Williams-Sonoma is reimagining its stores to appeal ...
- March 17, 2022
H&M is tackling the competition in fashion by selling external fashion brands on its central website in Sweden and Germany, with plans on the table to add additional labels and geographic ...
- February 2, 2022
Today in Data, Amazon and Domino’s are among the companies thinking differently about delivery. Plus, H&M is focused on eliminating waste and doubling sales.
Data
550,000: Number of UPS employees
$3: Amount Domino’s ...
