H&M Group: Steady Growth In Sales In 2015

H&M plans to add thousands of new jobs in 2016, opening stores in 3 new markets, including New Zealand, Cyprus and Puerto Rico. in addition, it plans to launch online store services in 9 H&M existing markets to continuously develop online operations.

H&M, Hennes & Mauritz, the world's leading fashion retailer, released its annual report for fiscal year 2015.

All its brands have achieved excellent sales results, and the market share has achieved steady growth.

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 join us in building H&M as the preferred fashion destination for customers. "

2016 expansion plan

2015

There are 16000 new jobs, and now 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.

Promoting sustainable development

H&M has been committed to enhancing sustainability and achieved many outstanding achievements in 2015.

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.

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Since its launch in 2013, more than 1000 tons of clothing have been recovered in mainland China.

In addition, the first global change award was officially launched in August 2015 by the non-profit global foundation, H&M Conscious, which aims to promote a truly breakthrough environmental concept and promote the closed loop fashion model to protect the natural resources of the planet. The Foundation is the first to be launched.