...PAGE 27 OUR PRODUCTS PAGE 37 OUR COLLEAGUES PAGE 44 OUR COMMUNITY INVESTMENTS PAGE 51 OUR BUSINESS H&M’s business concept is to offer our customers fashion and quality at the best price. At H&M, quality is more than making sure that products meet or exceed our customers’ expectations – it also means that these products should be manufactured under good working conditions and with limited impact on the environment. Taking responsibility for how our operations affect people and the environment is key for H&M’s continued profitability and growth. We are committed to integrating social and environmental concerns into all our business operations and investing in the communities where we work. Our 2008 sustainability report covers our activities in relation to our business operations, our supply chain, our products and how they are produced, our employees and the communities around us. This section provides an overview of our business and its impact, and how we go about integrating Corporate Social Responsibility (CSR) into it. GLOBAL BRAND GLOBAL IMPACT AND REACH H&M was established in Sweden in 1947 and today sells clothes, accessories, footwear and cosmetics in more than 1,700 stores in 33 countries and via internet and catalogue sales in Scandinavia, the Netherlands, Germany and Austria. Here, we will also sell home textiles through online and catalogue sales from 2009. H&M also stands behind the brand COS and acquired the majority of shares of FaBric Scandinavien AB with...
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...European Foundation for the Improvement of Living and Working Conditions EMCC case studies Industrial change in the textiles and leather sector: Hennes & Mauritz Company facts Market dynamics and company changes Organisation and the market Employees Virtualisation of the workplace Research and development Contact details Source list EMCC case studies are available in electronic format only Wyattville Road, Loughlinstown, Dublin 18, Ireland. - Tel: (+353 1) 204 31 00 - Fax: 282 42 09 / 282 64 56 email: postmaster@eurofound.eu.int - website: www.eurofound.eu.int Company facts Hennes & Mauritz (H&M) is well known throughout Europe as a highly successful company selling low-priced fashion clothing and accessories. Erling Persson established the company in Sweden in 1947, and today the Persson family is still on the company board. In recent years, Hennes & Mauritz has been very successful, expanding its outlets at a rapid pace. Today it is one of the most important players on the retail fashion textile market. After opening its first store (as Hennes) in Sweden in 1947, the company expanded to the Danish and Norwegian markets in the 1960s and to the British market in 1976. In 1965, following the take-over of Mauritz, the company became Hennes & Mauritz. In 1974 the company was quoted on the Swedish stock exchange. Since then, Hennes & Mauritz has been entering several other European countries at a steady pace, being present in the USA since the year 2000. Today Hennes...
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...annual report 2013 Dress €59.95 Top €14.95 BEYONCÉ IN H&M’s SUMMER CAMPAIGN 2013 € 69.95 Dress H&M SHOw At PARIS fASHION wEEk 2013 — H&M ANNUAl REPORT 2013 — Contents H&M IN WORDS AND PICTURES This is H&M CEO letter 2013 in brief Our brands Sustainable development Our employees Expansion History 6 8 10 14 32 36 40 48 H&M IN FIGURES Administration Report including proposed distribution of earnings Group Income Statement Group Statement of Comprehensive Income Group Balance Sheet Group Changes in Equity Group Cash Flow Statement Parent Company Income Statement Parent Company Statement of Comprehensive Income Parent Company Balance Sheet Parent Company Changes in Equity Parent Company Cash Flow Statement Notes to the Financial Statements Signing of the Annual Report Auditor’s report Corporate Governance Report including information about the Board of Directors Auditor’s Statement on the Corporate Governance Report Five year summary The H&M share Financial information and contact details 52 58 58 59 60 61 62 62 63 64 65 66 80 81 82 94 96 97 98 H&M’s Annual Accounts and Consolidated Accounts for the financial year 2012/13 comprise pages 52–80. — THIS IS H&M — Fashion and quality at the best price A clear business concept and strong values have taken H&M from a single store to a leading global fashion company, with a passion for fashion, a belief in people and a desire to always exceed customers’ expectations. Over 116,000 ...
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...Introduction H & M Hennes & Mauritz AB, now operating as “H&M” is a retail-clothing company, launched in 1947 by Erling Persson who just came back from United States, bringing the idea of selling fashion products for women at a low price from oversea. The first shop called “Hennes” which only sold women clothes, opened in 1947, in Vasteras, Sweden. In 1968, the founder take-over “Mauritz Widforss” shops : Hennes changes its name to “Hennes and Mauritz” and the brand will begin selling fashion clothes to men and women from that day. Then in the 70’, the brand started to sell clothes for kids “Fashion and quality at the best price” (H&M) H&M has been at the forefront of affordable chic for some time now. From its Swedish base, Hennes and Mauritz has grown into a major multinational clothes and cosmetics retailer. Nowaday, internationally known for its fast-fashion clothing, H&M offers low prices fashion products for women, men, teenagers and children including everything from modern basics to high fashion. The company has over 2,300 stores in 43 countries, in 4 continents (Africa, Asia, Europe and North America) However, the company does not have their own factories but work with plenty of designers and buyers from all around the world. In 2011, H&M employed around 94,000 people and is ranked the first largest global clothing retailer, just ahead Spain-based Inditex (parent company of ZARA). The branding consultancy Interbrand ranked the company...
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...H&M, which was formally known as “Hennes” (The Swedish word for “hers”) was founded by Erling Persson in 1947. The first store was opened in Vasteras, Sweden, and only women’s apparels were sold during that time. In 1968, Erling Persson bought Mauritz Widforrs, which was a hunting and gun store in Stockham. Soon enough, Men’s apparel was introduced and made available in the store. The company then changes its name to Hennes & Mauritz (H&M in short). Ever since then, H&M has expanded its store worldwide. H&M sells clothing and accessories that caters for women, men, teenagers and children for every occasion. It has expanded their stores around the world in Asia, Europe, Middle East & North Africa and North America and aims to increase the number of stores by 10-15% per year. In 2011, when H&M announced that they are launching their first ever outlet in Singapore, it was a much-anticipated event because their apparels are trendy, affordable and they are known for their quality. According to the data provided by the official website, there are over 94,000 employees, working in approximately 2,500 stores spread over 40 markets world wide. During the end of the financial year in November 2009, the company recorded an earning of SEK118,697 million ($15,473.3 million) which seen an increase of 14.1% over 2008. Operating profit in FY2009 was SEK21,644 million, an increase of 7.5% over 2008 whereas the total net profit was SEK16,384 million in FY2009 with an increase of 7.1% over...
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...especially in this time frame that we are living in. this is where the popular clothing brand H&M comes in. since Erling Persson acknowledges that the society is dependant and are up to date with the latest fashion trends and he has took upon himself to develop clothing to make the consumers a victim of “vanity slaves” Hennes & Mauritz which has been known H&M for decades is a very popular retail clothing company known for its trendy fashions targeted for women, men, teenagers and children. The company's founder Erling Persson traveled in 1946 and came up with the business idea which was to offer fashionable clothing at great prices. In 1947 he opened his first shop in Vasters, Sweden called "Hennes”, where he exclusively sold women's clothing. "Hennes" is Swedish and means "for her" and/or "hers". 1968 clothing retailer Mauritz Widforss took over, which led to the inclusion of a menswear collection in the offer and the name change to "Hennes & Mauritz" (H & M). In 1998, the company succeeded her initials "HM" which was the combination of both names. The company offers great items for everyone, that’s the major result of their success. The multimillion company has gained so much popularity that they have managed to branch out 2776 stores in 43 countries around the world. The company has successfully globalised their brand but they’ve done achieved this the cruel and easy way. H&M is one of the most successful affordable clothing companies worldwide. The question is how this...
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...Ricky Cheers H&M in India In 2015, H&M opened its first store in India. The emerging market of India was an obvious choice for them. The Swedish retailer is actually behind its competitors of taking advantage of the Indian market. H&M opened its first store in 1947. It was located in Västerås, Sweden and specialized in only women’s clothing. The store was just called Hennes then. Hennes means “hers” in Swedish. In 1964, Hennes opened its first store outside of Sweden, in Norway. In 1968, the company’s founder Erling Persson bought a hunting apparel retailer called Mauritz Widforss. Soon they would start to sell men’s and children's clothing. The name was changed to Hennes and Mauritz and today we have H&M. After the first store opened outside of Sweden in 1964, H&M started to expand more into Europe. Next was Denmark, Switzerland, Germany and the United Kingdom. In 1976, the first store outside of Scandinavia was opened in London. In 1998, online shopping became available for H&M. The company did not expand outside of Europe until 2000, when it came to the U.S. Today there are over 400 stores in the U.S. alone. Worldwide there are over 3,700 stores in 61 different countries and it is the second largest global retailer. H&M specializes in “fast fashion”. Fast fashion is a term used by fashion retailers to express that designs move from the catwalk quickly in order to capture current fashion trends. Fast fashion clothing collections are based...
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...75 H&M ( ， ， 。 ， ， , 100029) ， 。 。 H&M H&M ， H&M ; ; ; ; Abstract:Crossover marketing is one of the most popular marketing strategies. With the continuous practice, it has been gradually becoming a global trend. As the leader of fast-fashion industry, H&M gains huge success around the world. Its fabulous fashion style and crossover marketing , these made the brand closer to consumers. This thesis has analyzed about the crossover marketing strategy of H&M and concluded some inspiration to China clothing business based on the research result. Key words:H&M ；crossover marketing ；Crossover of design ；Crossover of region ；Crossover of promotion ；Crossover of channel F274 1947 100 H&M 2009 132.65 29 。 、 CROSSOVER 。 。 / 。 。 H&M 。 1、 H&M 。 。 H&M 。 。 。 Lagerfeld 2005 Stella McCartney 11 CHLOE 、 。2004 Chanel 。 Karl Lagerfeld 500 H&M 。 。 GUCCI —— —Stella McCartney for 400 。 Karl “Karl Lagerfeld For H&M” Fendi —— —Karl Lagerfeld 。 、 。 、 H&M H&M 。 。 2004 2 73000 28 2008 。 2007 。 4 12 34 104041 H&M Millward Brown 2009 H&M 120 。 。 · 100 。 — 4 2000 2003 120 mini cooper —— —mini motion 2 part shoe。 、 1700 。 H&M 。 。 。 。 A 1671-8089 （2010 ）02-0075-03 76 H&M。 、 H&M 。 H&M 。2006 VICTOR&ROLF 2007 Roberto Cavalli 2008 H&M 。 2009 。 2、 H&M 。2007 。 。 。 H&M H&M 。 Kylie Minogue Kylie 。 H&M 2007 。 H&M 1947 。 。 H&M 。 H&M 2006 H&M Alshaya 。 H&M H&M 、 。 、 H&M H&M 。 H&M 2 。 H&M 、 、 。 2009 2 28 。 。H&M 1964 34 H&M H&M 1700 H&M H&M 《 6 。H&M 2》 H&M H&M loves Kylie 。 、 M by Madonna...
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...All in the Family a show which aired from 1971-1983 was one of the most important and influential series that aired during the time frame mentioned above. This show did not shy away from addressing controversial or socially relevant issues. MASH (Mobile Army Surgical Hospital) aired from 1972-1983, this show was revolved around the 4077th MASH which was one of the surgical units stationed in Korea during the Korean War (1950-1953). The staff of a Korean War field hospital used humor to keep their sanity in the face of the horror of war. The issues that All in the Family addressed were religious, political, social and personal issues. Archie Bunker one of the main characters, was better known as a bigot, a prejudice blue collar backlasher against liberal and permissive values. He treated his wife Edith with no respect, always argued wit his daughter, and verbally assaulted his son-in-law. MASH addressed political and social issues. This show was mostly liberal and this show often criticized politicians who mired the United States in Vietnam (Davidson, Delay, Heyrman, Lytle, & Stoff pg. 932). Both All in the Family and MASH were condemned by the religious right because they believed that shows played a major role in corrupting the family values. Religious right considered the shows of the 1970s to being permissive, having positive portrayal of unmarried women, premarital sex along with drug use, profanity, homosexuality, nudity, violence and prejudices. The religious right was...
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...MASH The first thing I noticed was the awesome theme music. I remember seeing reruns of M*A*S*H as a kid and turning the channel immediately because the opening theme made it sound like a drama and not something funny. So when the lyrics of the song are sung at the beginning of the film it catches me off guard. “Suicide is painless”, is one of the stupidest lyrics I think I've ever heard but I think that was the point of director Robert Altman. I later did some research and found out the song was written by the director's 14 year old son. Something else I noticed right off the bat was how familiar a lot of the faces were but I couldn't put a name on any of them until the credits rolled, Donald Sutherland, Elliot Gould, and Robert Duvall being the most familiar. Up until a few years ago I had no idea M*A*S*H was a movie before it was a show. So when we were assigned the film I had expectations of seeing some of the cast members of the series. Apparently I was wrong because I didn't see any whatsoever. From what I've read, the show is based on the movie, and the movie is based on the book so all the characters are exactly the same. I have to say this. Hawkeye and Trapper John are now two of my favorite movie characters of all time. Sutherland and Gould played their respective parts so nonchalantly that you forget they're both actually trained surgeons in the middle of a very bloody war. I have to admit the zaniness of the film touched a bit too close to something I would...
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...differentperspective with regard to their responsibilities. More than most Weaver employees, Higgins has athorough understanding of Japanese culture and expectations and is able toidentify with the Japanese perspective. Prescott was notsensitive to the common Japanese tradition of lifetime employment(Moriguchi & Ono, 2 4), while Higgins did not discuss his concerns orplans with Prescott. Prescott takes acompany-centered view with an American emphasis while Higgins takes anemployee-centered view with a Japanese emphasis. The advantage to this approach is that it provides universal policiesaround the world so that as managers move from one country to another, theydo not have to learn an entirely new set of policies. ReferencesMoriguchi, C., & Ono, H. Prescott and Higgins appear to have diametrically opposed viewson how to implement U.S. LeonardPrescott, vice-president and general manager of Weaver-Yamazaki has workedin a variety of countries as well as the home office for Weaver; hisexecutive assistant, John Higgins, speaks fluent Japanese and is veryfamiliar with Japanese culture. personnel policies in Japan. Prescott views Weaver as an American company withoperations around the world, whether in India, the Philippines, Mexico,Japan or someplace else. He has worked in several different countries andhas presumably been successful at implementing American personnel policieswithout much adaptation to local culture. He has married a Japanese woman, traveled extensively in Japan,foregone his...
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...Running head: COMPARING FINANCIAL REPORTS BETWEEN A&F AND H&M 1 A Comparison in the Financial Accounting Methods Used by Abercrombie & Fitch and H&M January 2012 COMPARING FINANCIAL REPORTS BETWEEN A&F AND H&M 2 Abstract Financial accounting encompasses compiling operating figures that any business or organization uses to account for their operations. For business strict guidelines must be followed to be in compliance with Security and Exchange Commission (SEC) rules when filing annual reports. This paper will examine, compare and contrast the differences in accounting styles and profitability of two clothing retail giants. Abercrombie & Fitch (A&F) is a domestic retailer based out of Ohio with over 300 outlets in the United States and Hennes & Mauritz AB (H&M) a Swedish outfit that is by sales the world’s second largest clothing retailer. The income statement, balance sheet and cash flow statement from each company’s annual report will be compared and contrasted to examine differences in style and methodology. COMPARING FINANCIAL REPORTS BETWEEN A&F AND H&M 3 A Comparison in the Financial Accounting Methods Used by Abercrombie & Fitch and H&M The scope of this paper is to examine, compare and contrast the differences in accounting styles...
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...of financial statements, such as balance sheets, income statements and cashflow statements, for publicly traded companies and many private companies” (Paul, 2008). Many countries, like the US, have their own set of GAAP. Globalization of business is increasing the need for a more unified system of financial reporting among countries. (Chakrabarty, 2011; Gill, 2007; University of Pennsylvania, 2002) Several financial organizations are working toward International Financial Reporting Standards (IFRS), which will serve as a global guideline, allowing for comparison of financial reports produced by corporations regardless of where their headquarters are located. (Chakrabarty, 2011) This paper will discuss some of the differences between the accounting practices of two internationally operating retail companies; Abercrombie & Fitch Co. (A&F), with corporate headquarters in the United States, and H&M, with corporate headquarters in Sweden, analyze some aspects of their financial statements, and compare this information. Abercrombie & Fitch Co. (A&F), is a retailer of casual apparel for men, women, and children, selling products such as casual sportswear, personal care products, and accessories. Its subsidiaries include Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks. (Abercrombie & Fitch, 2012a; Reuters, n.d.) A&F offers online...
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...one team” – H&M Executive Summary Sitting on top as the 3rd largest fast fashion producer in the world, H&M has enjoyed a spectacular 10% growth in the last five years. With its 600 million garments produced every year, H&M is a large player in the race to becoming a sustainable fashion house. After embracing sustainability at large in the last decade, H&M has made significant changes internally towards adopting and embedding sustainability into all their operations and value chain – but it’s still a work in progress. H&M’s CSR initiatives have a strong track record and involve various stages and stakeholders of its value chain, including their design team, suppliers of raw materials and fibers, as well as customers. Some of these renowned initiatives include the Better Cotton Initiative, the Conscious Collection, the Fashion Against AIDS collection and the Garment Collecting Initiative to name a few. All which have in common the involvement of different stakeholders, from suppliers to customers and designers. In this context, our challenge was to find what more can H&M do? Where and how should value be created, and which opportunity would create the most value for H&M and its stakeholder, all while increasing the company’s triple bottom line. The company’s core values, its strong customer focus and its business vision to provide customers with “fashion and quality at the best price in a sustainable way”, has driven many of H&M’s past...
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...Hennes & Mauritz (H&M) was the second-largest specialty apparel retailer in the world. Sales for fiscal 2012 were $18.1 billion, up 11% from the previous year, and operating profits were $3.3 billion, up 8.3%. H&M operated 2,776 stores, 93% of them outside its home base of Sweden. Over the previous decade, revenues had grown 15% per year and operating profits, 18%. Although Gap, Inc. (Gap) began the millennium as the clear global leader in the apparel retail market with sales more than four times larger than those of H&M, H&M had grown quickly and passed Gap in 2009. However, Spain’s Inditex, with its fast-fashion chain, Zara, had done even better. It passed H&M in sales in 2005 and, by 2011, had also become more profitable. H&M had also lagged behind Inditex in supply pipeline speed, brand diversification, online retail presence, and expansion into China. Meanwhile, the world’s leading hypermarket chains, including Wal-Mart and Tesco, were making significant headway in apparel. In 2012, CEO Karl-Johan Persson, grandson of the company’s founder Erling Persson, promised increased expansion into underdeveloped markets, a stronger push to online retailing, and the launch of a major new retail brand. He noted, “We are looking forward to an exciting 2013 full of new opportunities. We have great respect for the macroeconomic climate and how it may affect consumption in many of our markets, but we believe strongly in our offering and are convinced that H&M will continue to...
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