H&M Has 73 New Stores In Mainland China.

H&M, Hennes&Mauritz, an internationally renowned fashion retailer, recently announced its annual report for the 2015 fiscal year. H&M's brands have achieved outstanding sales and market share has increased steadily.

H&M's annual report on fiscal year 2015, released in January 28th, shows that the annual sales volume of the group is 210 billion kronor (including VAT), and its growth rate is 19% under SEK.

The annual profit after tax increased to 20 billion 900 million kronor.

H&M group opened a total of 413 stores and 10 H&M online stores in fiscal year 2015, and successfully established stores in new markets including India, South Africa, Peru, Taiwan and Macao.

Since then, H&M has opened stores in 61 markets and has online stores in 23 of them.

In fiscal year 2015, H&M added 73 new stores to mainland China and more than 300 stores.

Magnus Olsson, general manager of H&M Greater China, said: "China is still one of the key markets for fast growth. The Chinese market is very important for H&M. We are grateful to Chinese consumers for their trust and support for H&M, and we look forward to continuing to offer fashion and quality in a sustainable way and at a preferential price in the future.

We hope that more talents will join H&M and build up H&M with us.

The preferred fashion destination in the heart. "

At present, H&M has achieved 100% renewable energy utilization in all renewable energy markets. This also means that 80% of H&M's energy use in the world comes from renewable resources.

At the same time, H&M increased the proportion of cotton from more sustainable sources, accounting for 31% of the total cotton usage.

The goal of H&M is to use all cotton from more sustainable sources as of 2020.

The global garment recycling program has been recycling more than 1000 tons of clothing in mainland China since its launch in 2013.

In addition, the first global change award is from the non-profit global foundation, H&M.

The Conscious Foundation was launched in August 2015. The aim is to promote the truly breakthrough environmental concept and promote the closed loop fashion mode to protect the natural resources of the earth.

2015

There are 16000 new jobs in the group. Currently, there are more than 148000 employees. With the expansion of the market, H&M plans to add thousands of new jobs in 2016.

At the same time, H&M will add 10% to 15% stores a year worldwide.

In 2016, H&M planned to open stores in 3 new markets, including New Zealand, Cyprus and Puerto Rico. in addition, it planned to launch online store services in 9 H&M existing markets, developing Ireland online, Japan, Greece, Croatia, Slovenia, Estonia, Latvia, Lithuania and Luxemburg.

In the Chinese market, H&M will also maintain steady development. In January 2016, four new stores were opened in Chifeng, Yangzhou, Linyi and Suzhou, providing a new and fashionable choice for local consumers.