Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Hennes & Mauritz    HM B   SE0000106270

HENNES & MAURITZ

(HM B)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Hennes & Mauritz : H&M Reveals Supplier Details to Online Shoppers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/23/2019 | 11:44am EST

By Dieter Holger

Online shoppers at H&M Hennes & Mauritz AB (HM-B.SK) can now learn about the origins of clothes they peruse, marking the latest move by the company to improve transparency around its supply chain.

Shoppers on H&M's 47 local websites can view additional details on materials used in garments and the factories they come from, including the numbers of workers. For instance, a note on products that are made with polyester explains how the material is made from fossil fuels, and how H&M plans to use 100% recycled or sustainably sourced materials by 2030.

Another note encourages shoppers to bring unwanted garments into stores for recycling or reuse. Just 1.4% of the materials H&M used in 2018 were recycled, up from 0.5% in 2017.

Customers in stores will also be able to see more details about the clothes for sale by scanning the price tag using the H&M app.

"We are so proud to be the first global fashion retailer of our size to launch this level of product transparency," said Isak Roth, head of sustainability at H&M.

The decision comes as shoppers grow more aware of the downsides of fast-fashion--inexpensive clothes made by low-wage workers that are typically worn for a short time before going to landfill. In the past 15 years, clothing production has roughly doubled mostly thanks to fast-fashion.

Less than 1% of the materials used to make clothes is recycled into new garments, representing a loss of more than $100 billion each year, according to the Ellen MacArthur Foundation. The foundation works with businesses to accelerate the use of more reusable and recycled products.

"By being open and transparent about where our products are made we hope to set the bar for our industry and encourage customers to make more sustainable choices," Mr. Roth said.

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

Stocks mentioned in the article
ChangeLast1st jan.
HENNES & MAURITZ -1.02% 183.28 Delayed Quote.46.87%
INDUSTRIA DE DISEÑO TEXTIL, S.A. -1.64% 27.64 End-of-day quote.25.73%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HENNES & MAURITZ
11/11HENNES & MAURITZ : Ex-dividend day for final dividend
FA
11/08Gap commits to Old Navy split; CEO exit won't impact holiday shopping season
RE
11/08Gap commits to Old Navy split; CEO exit won't impact holiday shopping season
RE
11/07Re-sale market drives hype around H&M designer collaborations
RE
11/05Jeweller Pandora's bid to regain shine hit by weak consumer demand, Hong Kong..
RE
10/29HENNES & MAURITZ : H&M HOME announces design collaboration with Jonathan Adler
PU
10/25HENNES & MAURITZ : Giambattista Valli x H&M event in Rome
PU
10/25H&M opens new-look small boutique in Berlin, plans more
RE
10/21HENNES & MAURITZ : Afound to launch in the Netherlands
PU
10/17HENNES & MAURITZ : H&M Group and IKEA collaborate on large-scale study within re..
PU
More news
Financials (SEK)
Sales 2019 233 B
EBIT 2019 16 775 M
Net income 2019 13 045 M
Debt 2019 12 010 M
Yield 2019 5,27%
P/E ratio 2019 23,3x
P/E ratio 2020 21,4x
EV / Sales2019 1,35x
EV / Sales2020 1,29x
Capitalization 303 B
Chart HENNES & MAURITZ
Duration : Period :
Hennes & Mauritz Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HENNES & MAURITZ
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 164,09  SEK
Last Close Price 183,28  SEK
Spread / Highest target 28,2%
Spread / Average Target -10,5%
Spread / Lowest Target -59,1%
EPS Revisions
Managers
NameTitle
Karl-Johan Erling Göran Persson Chief Executive Officer
Stefan Persson Chairman
Helena Helmersson Chief Operating Officer
Jyrki Tervonen Chief Financial Officer
Joel Ankarberg Head-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
HENNES & MAURITZ46.87%31 886
INDUSTRIA DE DISEÑO TEXTIL, S.A.25.73%97 038
KERING31.41%74 977
FAST RETAILING CO., LTD.25.43%63 786
ROSS STORES36.26%40 583
BURBERRY GROUP PLC20.02%11 008