SWEDEN: H&M CEO Says US Operations Improving
The head of Swedish fashion giant Hennes & Mauritz on Tuesday said he still expects its US operations to break-even this year. CEO Rolf Eriksen told Dagens Industri his firm had slowed down its rapid expansion plan and cut costs which was reaping rewards. "At the end of this year we will have 63-65 stores in the US," he told the paper. "And if we open another 15 to 20 next year we will be where we originally planned but a year later."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Steps to piloting living wage in garment factories
- Trump blows the case for Brexit out of the water
- How to ensure sustainability is more than a slogan
- Duty-free trade key to build Africa supply chains
- Bangladesh slips as US imports decline in October
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- US Q3 in brief – Destination Maternity, Cherokee
- World cotton price prospects lifted again
- Adidas NYC flagship raises the bar on sport stores