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H&M is a fast fashion retailer known for their affordable yet trendy styles. They frequently run “stock-up” sales where you can save up to 25%, such as “buy 3 get one free” or two for $10.” Alternatively, check out their online clearance section to save even more! H&M is part of Hennes & Mauritz Group which also owns Cos, Monki & Other Stories along with Weekday for even greater savings opportunities!
H&M, founded in Stockholm, Sweden and with operations across 122 countries worldwide, was listed on the NASDAQ stock exchange under the symbol HNNMY in 2021. However, their sales and production suffered significantly due to an influenza pandemic; as soon as that subsided however, H&M saw its profits surge by 25%.
Like other fast fashion retailers, H&M is an enormous cash cow, boasting high merchandise turnover and rapid product development. H&M takes advantage of different avenues to reduce costs and pass savings onto customers – from purchasing directly from suppliers at discounted rates or cutting out middlemen altogether, nearshoring operations or nearshoring processes as possible cost cutting measures.
H&M provides an expansive selection of clothing, shoes and accessories both online and at stores alike – and offers a generous return policy should something not meet your standards. Within 30 days after receiving an item you are dissatisfied with it can be returned for either store credit or a refund; online returns may require assistance from customer service; alternatively download their free app to access exclusive discounts as well as sign up for their newsletter to stay informed!