H&M Group Comprehensive Profile

Company Overview

H&M Group is a leading global player in the fashion and design industry, operating over 4,000 stores across more than 75 markets, with online sales available in 60 markets. The company is dedicated to combining fashion and quality at the best price, prioritizing sustainability throughout its operations. The group's environmental responsibility includes a commitment to a circular fashion industry with a net-zero climate impact.

Key Financials

• Net Sales: SEK 137 billion in 2023, reflecting a 6% increase from the previous year.

• Profit After Financial Items: SEK 1 billion in 2023.

• Employees: Approximately 123,000 worldwide.

Brands and Business Ventures

H&M Group oversees a diverse brand portfolio including H&M (and H&M Home), COS, Weekday, Monki, & Other Stories, ARKET, and various portfolio brands. Additionally, the group has invested in new growth and ventures such as the Creator Studio and the majority-owned Sellpy, each maintaining a unique identity aligned with the overall commitment to fashion quality and sustainability.

Leadership

• Daniel Ervér: Appointed President & CEO on January 31, 2024, succeeding Helena Helmersson.

• Adam Karlsson: Chief Financial Officer (CFO).

• The executive management team, comprised of seven members, oversees sustainability, communications, organizational development, and management of portfolio brands.

Sustainability and Innovation

H&M Group aims to lead the fashion industry in sustainability, focusing on circularity and reducing climate impact. The company actively collaborates with stakeholders to advance sustainable materials and responsible practices throughout the supply chain. The H&M Foundation, supported by the Stefan Persson family, endorses initiatives for a sustainable and inclusive textile industry.

Recent Developments and Future Plans

• Refurbishment projects include approximately 250 stores across major cities like New York, London, Berlin, and Stockholm.

• Participation in the LEAF Coalition with a deal in Pará, Brazil, demonstrating commitment to community and environmental efforts.

• Engaging in a strategic buyback of shares to enhance shareholder value.

Contact Information

• Corporate Contact: Joseph Ahlberg, Phone: +46 8 7965500, Email: info@hm.com

H&M Group's global expansion continues to focus on sustainable growth, innovative practices, and accessible fashion.

Competitive Landscape Overview

Key Competitors of H&M Group

1. Zara

• Industry: Fashion

• Founded: 1975

• Headquarters: Arteixo, Spain

• Revenue: Rs 2,562.50 crore (FY23 in India)

• A prominent brand under Inditex, noted for quick product turnover and trendy designs, operating in 96 countries. Zara's Indian market observed a 40.42% revenue increase.

2. Uniqlo

• Industry: Fashion

• Founded: 1984

• Headquarters: Yamaguchi, Japan

• Revenue: 2.1435 trillion yen (as of May 31, 2023)

• Part of Fast Retailing Co., Ltd., Uniqlo is recognized for quality and minimalism with over 2,400 stores globally and a significant online presence.

3. Gap Inc.

• Industry: Retail

• Founded: 1969

• Headquarters: San Francisco, USA

• Revenue: $3.548 billion (quarter ending July 31, 2023)

• An American retailer with over 3,352 stores, utilizing franchise and e-commerce for sales.

4. ASOS

• Industry: Fashion (Online Retail)

• Founded: 2000

• Headquarters: London, UK

• Revenue: $1.08 billion (Q3 2023)

• Specializes in online retailing, offering over 850 brands with a strong digital platform focus.

5. Macy's

• Industry: Retail

• Founded: 1858

• Headquarters: New York, USA

• Revenue: $5.280 billion (July 31, 2023)

• A leading department store chain with comprehensive digital and in-store offerings.

6. American Eagle Outfitters

• Industry: Fashion

• Founded: 1977

• Headquarters: Pittsburgh, USA

• Revenue: $1.081 billion (April 30, 2023)

• Targets younger consumers through American Eagle and Aerie brands, strong US market presence.

7. Abercrombie & Fitch

• Industry: Fashion

• Founded: 1892

• Headquarters: New Albany, USA

• Revenue: $935 million (July 31, 2023)

• Features casual wear aimed at young adults, leveraging its brand reputation with over 1,000 stores worldwide.

Competitive Positioning

H&M contends with global and regional fashion brands that emphasize innovation, brand identity, and market adaptation. Competitors deploy distinctive strategies—from Zara's agile supply chain to Uniqlo's commitment to quality, ASOS's digital innovations, and Macy's blend of online and physical retail experiences. H&M leverages its extensive design capabilities and broad global reach to sustain its competitive edge within the fashion industry.