Business Analysis Overview The Swedish company Hennes & Mauritz AB is the second largest clothing retailer in the world‚ just behind Spain-based Inditex (parent company of ZARA). The H&M Group’s business consists mainly of sales of clothing‚ accessories‚ footwear‚ cosmetics and home textiles to consumers. In addition to H&M Home‚ the group also owns several brands‚ as shown here‚ which make the company well-known for its fast-fashion clothing offerings for women‚ men‚ teenagers
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1. About H&M (1) H&M history -H & M Hennes & Mauritz AB comprises five different independent brands – H&M‚ COS‚ Monki‚ Weekday and Cheap Monday. The H&M Group has a total of approximately 2‚700 stores all over the world. -From a single womenswear store in 1947 to a global company offering fashion for the whole family and their home‚ under the brand names of H&M‚ COS‚ Monki‚ Weekday‚ Cheap Monday and H&M Home. -2012 H&M plans to open in Bulgaria‚ Latvia‚ Malaysia‚ and Mexico and via franchise
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Three main strategic goals for H&M for the next five years would be linked with profitability‚ competition and technological leadership. H&M has reported a rise in sales and profits and sales for the three months to 31st of August. Net profit for the third quarter of 2009 rose 4.1% to 3.46bn Swedish crowns from 3.33bn crowns last year. Sales‚ excluding sales tax‚ increased by 13% to 23.6bn crowns. So first LTO is to maintain financial stability H&M has achieved. H&M plans to increase sales revenues
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SWOT Strengths: Weaknesses: Sales in January 2014 increase 15% in local currencies‚ compared to the same month in the previous year. Clever Care labelling Strong celebrity endorsements Designer Collaborations Clothing recycling scheme Largest consumer of organic cotton Benefits from economies of scale Improved online experience Heavy reliance on EU markets Quality concerns Store experience‚ sometimes lacking Lack of click and collect Gross Margin Decreasing Does not own any factories
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hursday‚ April 4‚ 2013 Distribution Channels at Clothing Retailer Hennes & Mauritz Distribution Channels at Clothing Retailer Hennes & Mauritz A key section in selling success is the strength of a smart sets diffusion impart. Kerry Capells (2002) Business Week article looks at Sweden-based Hennes & Mauritzs (H&M) sourcing and inventory direction strategies and their reliance on distribution channel partners. H&M has developed a extraordinary distribution channel dodge to compete with better entrenched
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Positioning H&M (Hennes & Mauritz AB) is the world second largest retail-clothing company. It was founded in 1947 in Sweden. In recent years‚ it has expanded rapidly‚ about 3‚000 branch stores existing over 50 countries which include in Asia‚ Europe and America. As a “fast fashion” clothing company‚ H&M’s business concept is offering latest popular design and good quality at the best price. The H&M Group offers fashion from the H&M‚ COS‚ Monki‚ Weekday‚ Cheap Monday‚ & Other Stories and H&M Home brands
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&mHistory of H&M H & M‚ (Hennes & Mauritz AB) is a Swedish multinational retail-clothing company‚ known for its trendy fashion clothing for men‚ women‚ teenagers and children. It started out as a single womenswear store in 1947‚ and subsequently transformed to a global company offering fashion for the whole family‚ and their home. The business concept is to give the customer unbeatable value by offering fashion and quality at the best price. H&M ensures the best price by having
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H&M Success H&M is a growing fashion retail clothing company‚ which operates on a wide scale across the globe‚ the brand offers its customers all the latest fashionable clothing and accessories based at reasonable and low prices which can be acknowledged from the companies motto ‘fashion and quality at the best price’. The company has appealed to European customers as it offers a range of products for everyone from the likes of high-end fashionable products to casual basics more or less for
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which must sign H&M’s “behavior code” for ex in 2006 implementation of an agreement with Procter and Gamble (one on its providers) stipules that H&M can control P&G activities and all its fabrication process. ing high wages. That ability of adaptation shows that H&M can diversify its production and targets specific consumers: its factories make sportswear‚ masculine and feminine clothes‚ as well as accessories or lingerie. The role of advertisement is extremely important in H&M’s strategy. The
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ANSOFF MATRIX To analyse the marketing strategies of H&M we are using the Ansoff Matrix. It is a tool that helps businesses decides their product and market growth strategy (Jobber and Fahy‚ 2003). Ansoff matrix consists of product development (Selling new products to existing customers)‚ market penetration (Selling more of the same to the same types of people)‚ market development (Selling the existing products to new types of consumer) and diversification (Selling new products to new consumer)
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