H&M has appointed a diversity manager in response to the global backlash it endured from using a black child to advertise a hoodie with the slogan “coolest monkey in the jungle”. The Swedish fashion giant said Annie Wu, currently H&M’s global manager for employee relations, will become its new global leader for diversity and inclusiveness for the H&M Group and will be based at the retailer’s headquarters in Stockholm.
In an attempt to target the “new parents” demographic, the Swedish retailer released an ad that gives soon-to-be-mothers a discount … but only if they pee on it.
2017 has been a huge year for the retail industry. Some of the largest deals set to dictate the direction of various sectors over the next year were made, while giants no-one expected to see falter struggled to keep their heads above water. STEINHOFF’S ACCOUNTING SCANDAL It seems a large portion of this year’s big news was saved until the end of the year.
The Swedish furniture retailer has partnered with the wireless speaker manufacturer to create a smart home sound experience.
Amazon has lost its crown as the UK’s favourite retailer to M&S Simply Food, according to an annual survey. Surveying 13,000 British shoppers, the Retail Proposition Index found that quality perception was the single largest driver of change in the rankings this year
The name means “shaggy” in Swedish and aims to capitalize on rising pet sales.
H&M has recorded a 20 per cent fall in its third quarter profit despite a rise in sales, as summer discounts hurt margins. Net profit for the three months to August 31 came in at 3.84 billion kronor (£351 million), which H&M said had been affected by large markdowns as the retailer tried to clear inventory. READ MORE: H&M moves into former BHS unit at Poole’s Dolphin Shopping Centre Pre-tax profit also fell 20 per cent in the same period, down to 5.02 billion kronor (£460 million)
Home furnishings retailer Ikea has officially opened its 20th UK store in Sheffield. Located on Sheffield Road in the Tinsley neighbourhood, the new 35,000sq ft store has created over 480 jobs
The Swedish fast-fashion retailer will stick to quarterly and year-end reports and hold “Capital Markets Days” to provide more in-depth information.