H&M is to launch an online retail service in the UK by autumn 2010, according to reports.

The move by the Swedish fashion giant comes a week after rival Zara announced its own ecommerce plans (nma 17 September 2009).

The news came as H&M announced pre-tax earnings for the nine months to the end of August were up 4% to 4.77bn Swedish Krona (£431.4m).

H&M sales increased by 13% in the three months to the end of August, but fell 3% year on year.

Zara plans to launch its ecommerce site in time for its autumn/winter 2010 collection.

Earlier this month high street retailer Gap revealed plans to launch an ecommerce site in the UK (nma 10 September 2009).


Published 24 September, 2009 by NMA Staff

50335 more posts from this author

Comments (0)

Save or Cancel