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H&M
H&M is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers and children. It is the second-largest global clothing retailer, just behind Spain-based Inditex (parent company of Zara).
Klarna Counts 11M Users, Acceptance At 60K US Stores
November 19, 2020
Klarna, which works in global payments and shopping services, has expanded to over 60,000 in-store payment services around the country to allow for buy now, pay later (BNPL) services, according ...REPORT: Consumer Privacy Concerns Demand Regulatory Compliance
October 30, 2020
More consumers are turning to digital channels to make daily purchases as the pandemic continues. Emerging data privacy and open banking rules meant to regulate these digital transactions are thus ...H&M Integrates Conversational Commerce With Virtual And Live Chat Applications
October 29, 2020
Conversational technology and contextual commerce continue to gain momentum at retail as H&M has now added virtual assistant and live chat agents directly from services like Google Maps or Google ...H&M Looks To Shutter 250 Stores Amid Digital Shift
October 1, 2020
As the coronavirus health crisis has moved more consumers online, H&M has indicated that it intends to reduce its worldwide brick-and-mortar footprint by 250 shops. The closures for the second-largest ...H&M's eCommerce Sales Jump Amid Temporary Store Closures
June 26, 2020
Amid a quarter in which a large percentage of its stores were temporarily shuttered during the pandemic, H&M Group saw its net sales fall by 50 percent. The retailer’s eCommerce sales, ...B2B Payments Deterioration Eyed For Asia
June 15, 2020
For global traders, emphasis continues to be placed on the urgency for corporates in a strong financial position to support their supply chains through on-time — and in some cases ...H&M Cancels Orders, But Vows Supplier Payment
March 31, 2020
As garment makers are impacted by postponed deliveries and work cancellations amid the coronavirus pandemic, H&M noted it would accept shipment of products that have been made already. Firms like H&M ...Retail Brands Abandon Clothing Orders Amid Drop In Demand
March 25, 2020
Retailers are halting and calling off attire orders as Western shoppers remain in their residences and shops close because of the coronavirus pandemic. The move jeopardizes millions of manufacturing positions ...Coronavirus: CVS Health Looks To Hire 50,000 Workers; H&M Mulls Temporary Layoffs
March 23, 2020
Retailers are adapting their operations and rolling out initiatives amid COVID-19, the disease caused by the coronavirus. Here are the latest updates from the retail industry.
H&M is considering temporary layoffs throughout ...H&M To Leverage Supply Chain For Medical Deliveries
March 23, 2020
Fashion brand H&M has announced it will use its extensive supply chain network to help hospitals in need of supplies like masks and gowns in the European Union, according to ...Coronavirus Update: Domino's Looks To Hire 10,000; UK Asks Hotels, Resorts To House Patients; Apple Donates Medical Supplies To Italy; Biohub To Expand Testing In San Fran
March 19, 2020
Businesses are making donations, reducing speeds of video streaming, and, in some case, hiring more workers amid the coronavirus. Here are the latest updates on the coronavirus around the world.
Apple ...H&M Links B2B Suppliers To Third-Party Buyers
March 4, 2020
In an effort to reduce the fashion industry’s environmental impact, Swedish fashion giant H&M launched a B2B service called Treadler that will let rivals access its global supply chain, the ...H&M Customers Can Buy Now, Pay Later With Klarna
January 15, 2020
H&M customers will be able to shop now and pay later with a new payment option. According to a press release, the fast-fashion company aims to offer “a truly modern ...Data Dive, Early Fireworks Edition: Alphabet, Postmates, Costco And H&M
December 9, 2019
The year 2019 is winding down and with it the entire second decade of the 21st century. And while there are still roughly three weeks to go until the ball ...H&M's COS Brand Works With YCloset To Pilot Clothing Rentals
December 6, 2019
To test out renting attire as eco-conscious shoppers rein in their purchases, H&M said its COS brand has collaborated with the Chinese subscription rental platform YCloset to trial clothing rentals. ...Retail Pulse: CVS, UPS Test Drone Potential; Birchbox Grows Walgreens Partnership
November 8, 2019
Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. UPS subsidiary UPS Flight Forward Inc. and CVS Health Corporation ...H&M Tries To Prevent Resale Of Designer Items
November 8, 2019
H&M is trying to prevent the online resale of its collection created with Italian designer Giambattista Valli.
The retailer limited the sale of the collection, which sold out on H&M websites ...IKEA, H&M Funding Tech Startups To Sidestep Retail Disruption
November 6, 2019
IKEA and Hennes & Mauritz (H&M) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. 6).
IKEA, the ...Retail Pulse: The Vitamin Shoppe Opens NextGen Store; Dollar General Taps Into BOPIS
October 11, 2019
Brick-and-mortar retailers are creating next-generation stores that incorporate interactive features into their designs with the help of technology. The Vitamin Shoppe, for instance, reimagined a 3,185 square-foot space in Edgewater, New ...H&M Tops Ranking Of Most-Visited eCommerce Fashion Sites
May 24, 2019
In a study of the most visited eCommerce fashion websites, online visibility management platform company SEMrush found that H&M was the most frequented site around the globe. Fashion retailers Macy’s ...H&M Reintroduces Delivery Fees For Loyalty Members
April 10, 2019
Fashion retailer H&M announced it will start charging its loyalty club members delivery fees on small online orders.
According to Reuters, the move aims to slash logistics costs and help the ...Sears Appliances Home & Life, Amazon Reduces Whole Foods’ Prices
April 5, 2019
Iconic American retailers that have been around more than 100 years are creating new concepts for the new era of retail. Sears, in one case, plans to open three Home ...H&M Reports Narrower Profit Decline Than Expected
April 1, 2019
H&M, the world’s second-largest retailer, reported a smaller than expected decline in profit for the first quarter.
According to a report in Reuters, H&M credited the narrower decline in profit to ...Savvy Online Retailers Add Connected Consumer-Friendly Payment Options
February 14, 2019
With all sorts of digital services at their fingertips, consumers are looking for convenience when they purchase products or services. Consumers, for instance, are swapping their cable channels for digital ...Are Smartphone Payments Physical Retail’s Lifeline?
February 5, 2019
With consumers tethered to their smartphones, the relationship between shoppers and physical stores is evolving as a retailer’s “face” is becoming its website and mobile apps instead of its storefront. ...Bitcoin Daily: H&M Pilots Blockchain Tech; Australian Tax Scammers Turn To Bitcoin
November 14, 2018
Arket, a brand of H&M, is piloting a blockchain product integration with the help of VeChain, TheNextWeb reported. While the brand did not tell the outlet where it was using ...Retailers Team With Providers For eCommerce Payments' Tear
November 14, 2018
Online shopping is on a tear, and marketplaces are reaping the rewards. Some sites are seeing more active buyers and higher gross merchandise sales (GMS) as consumers look to buy ...How J.Crew, H&M, Others Push Hard On Payments Innovation, Loyalty
November 8, 2018
In a bid to increase loyalty, merchants are driving innovations in their stores. To that end, some brick-and-mortar retailers have begun to offer rewards programs for the very first time ...Klarna Gets $20M From H&M To Integrate With Retailer
October 8, 2018
H&M and Klarna announced Monday (October 8) that the two have inked a partnership in which they will further integrate H&M’s physical and digital stores.
In a press release, the companies ...H&M Faces Glitches With New Logistics System
September 27, 2018
Despite problems with its new logistics system, which cost H&M an additional $45 million, the retailer saw a positive sales trend during September — the first month of the fourth ...Loyalty’s New One Percenters
August 27, 2018
Throw out everything you’ve ever learned about what makes a consumer loyal to a brand.
Consumers, over the last 10 years, have turned loyalty on its head.
And they’ve done it in ...Five At Five: Apple Faces New Fine Rule In Australia
August 14, 2018
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes Australian plans to gain access to encrypted data, along with a funding ...H&M Brings Visual Search To Upgraded eCommerce Site
August 14, 2018
H&M has given its mobile app and eCommerce site a digital makeover, bringing a myriad of new features to online customers. The upgraded platforms now let shoppers search for an ...H&M Strives To Unload Excess Inventory
July 2, 2018Here come the clothing sales: H&M, burned by approximately $4 billion in excess inventory, will offer more clothing discounts for consumers in the third quarter of 2018, company executives have ...Five At Five: Target Raises Its Delivery Game
June 7, 2018
Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today brings news of Target’s delivery advancements and a new LinkedIn commuting ...H&M Brings Voice-Activated Mirror To Shopping Experience
June 7, 2018
Adding to its technology efforts, H&M is rolling out a voice-activated mirror in a flagship New York City location. The device offers style recommendations, selfies and a route to eCommerce, ...Five at Five: Sears Looks To Amazon For Some Verve
May 10, 2018
Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include a new deal Sears signed with Amazon, a digital gifting ...H&M Looks To Big Data For Store Insights
May 10, 2018
To reduce markdowns and break out of a lull in sales, H&M is turning to artificial intelligence (AI) and Big Data to tailor its merchandising mix in its brick-and-mortar stores. The ...H&M Targets Chinese Shoppers With Alibaba’s Tmall Launch
March 22, 2018In an effort to better compete in China, H&M has rolled out its core brand on Alibaba’s Tmall. The move marks the first time H&M has sold its main brand ...Shping Incentivizes Consumer Engagement With Brands For Digital Coins
February 16, 2018
To research a product, potential customers may turn to Google. But finding product information can be a bit of a cumbersome process. Consumers may have to scroll through many social ...