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

HENNES & MAURITZ

(HM B)
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Hennes & Mauritz : H&M introduces product transparency for all garments sold online

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04/25/2019 | 08:41pm EDT

H&M has launched a new transparency initiative that will see the retailer share details on for each garment it sells online. This information will include the country where it's produced, supplier names, factory names and addresses... According to H&M, by sharing extended details on where garments are made it aims to make it easier for customers to make more informed choices when shopping.

In 2017, the Swedish retail giant tried out the transparency layer at a smaller scale on its Conscious Exclusive collections. They're now expanding this work to all garments on hm.com. The majority of H&M Home interior products sold on the website will have this as well.

“We are so proud to be the first global fashion retailer of our size and scale to launch this level of product transparency. We want to show the world that this is possible. 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. With transparency comes responsibility, making transparency such an important factor to help create a more sustainable fashion industry,” says Isak Roth, head of sustainability at H&M.

The transparency layer will be available in H&M’s 47 online markets starting 23 April. Customers can also access this information when shopping in physical stores by using the H&M app to scan the price tag on a product to see its details.

(c) All rights reserved. 2019. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SEK)
Sales 2019 226 B
EBIT 2019 16 041 M
Net income 2019 12 602 M
Debt 2019 11 490 M
Yield 2019 6,22%
P/E ratio 2019 19,73
P/E ratio 2020 18,50
EV / Sales 2019 1,02x
EV / Sales 2020 0,99x
Capitalization 218 B
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 134  SEK
Spread / Average Target -10%
EPS Revisions
Managers
NameTitle
Karl-Johan Persson Chief Executive Officer
Stefan Persson Chairman
Jyrki Tervonen Chief Financial Officer
Morten Halvorsen Head-Information Technology
Anders Gunnar Dahlvig Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HENNES & MAURITZ19.43%22 236
INDITEX - INDUSTRIA DE DISEÑO TEXTIL11.68%85 676
KERING24.93%66 295
FAST RETAILING CO LTD22.57%62 009
ROSS STORES21.92%33 819
ZALANDO74.91%10 077