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.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Fashion fit for the future – strategies for speed
- Digitisation to drive new apparel-making models
- Will new Vietnam wage hinder competitiveness?
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- Child refugees found in Turkey apparel factories
- Chinese manufacturer invests $20m in US facility
- Reebok Liquid Factory reinvents shoe production
- Gap to shutter all UK Banana Republic stores
- US Q3 in brief - Under Armour, VF Corp, Skechers
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020