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31 March 2000
- The opening of its first U.S. store on 31 March 2000 on Fifth Avenue in New York City marked the start of its expansion outside of Europe.
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1977. – Teenagers get their own version of H&M as the Impuls concept is launched, inspired by denim stores in the US. – H&M introduces cosmetics into its assortment. The ’80s and ’90s. In the 1980s, the foundation is laid for the upcoming global expansion. New openings include the first H&M stores in Germany and the Netherlands. 1980.
H&M is the second-largest international clothing retailer after Inditex. [12] [13] H&M was founded by Erling Persson in 1947 under the name Hennes. CEO from 2020 to 2024 was Helena Helmersson. Current CEO is Daniel Erver as of January 2024. [14] [15] [16]
- Profile
- Foundation and History
- Evolution and Expansion
- Philanthropy
The mass market is truly the place where the fashion industry is able to generate millions in profit on an annual basis. Apart from the luxury sector, the business of selling everyday clothes to everyday people is just as challenging as trying to sell haute couture garments to wealthy individuals. The average consumer might not be able to afford a ...
The company was founded in 1947 by Erling Persson with the very first shop established in Västerås, Sweden. The original name of the business was called “Hennes” (pictured below), which is Swedish for “hers”, as the store at the time exclusively sold womenswear. It wasn’t until 1968 when Persson acquired the hunting apparel brand Mauritz Widforss t...
H&M entered the new millenium by making another significant milestone: the opening of the very first H&M store outside of Europe. New York City was the first non-European metropolis to host an H&M flagship store, which was located in Fifth Avenueto compete directly with many luxury labels that dominate the renowned shopping district, as well as oth...
H&M’s continuing commitment to reducing waste and environmental preservation was augmented by their garment collection program that started in 2013. Shoppers who donate or give away their used clothing to any H&M outlet will be rewarded with discount vouchers. The clothes are then processed and recycled to create new garments in order to attain the...
H&M was founded as Hennes in 1947 by Erling Persson. A former salesman and founder of another company, Pennspecialisten, in Västerås, Sweden, Persson had discovered a new retail clothing store concept during a trip to the United States.
Jul 7, 2024 · The fast-fashion retailer H&M, short for Hennes & Mauritz, is a major player in the global retail industry. H&M was founded by Erling Persson in Västerås, Sweden, in 1947. Inspired by a trip to New York City, Persson established a womenswear store named Hennes, meaning "hers" in Swedish.
Jun 28, 2024 · Early Beginnings: 1947-1960s. The story of H&M, one of the world’s largest fashion retailers, begins in 1947 in Västerås, Sweden. Founded by Erling Persson, the company originally operated under the name Hennes, which is Swedish for “hers.”
Instead, it was founded by Erling Pedersson, who opened his first fashion retail store in 1947 called Hennes, which is the Swedish word for "hers". Upon acquiring the hunting apparel and...
