Retail

H&M Sales Up 15% in January

Swedish fast fashion clothier Hennes & Mauritz (H&M) said Monday its total sales for January including value added tax were up 15 percent compared to the same time last year. The increase was right in line with projections outlined in the company’s fourth quarter report.… Read More

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Business

UK Suffers Worst Recorded Drop in Clothing Prices: 7.7%

Analysts are calling the UK’s January price decline “historic”–poor demand, post-holiday shopping fatigue, and discounted winter stock contributed to a fall in clothing prices of an unprecedented 7.7%, according to the BRC-Nielsen Shop Price Index. Helen Dickinson, director general of the British Retail Consortium (BRC),… Read More

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