With its extensive business network, Sweden-based multinational retail-clothing company H&M has become one of the world's leading fashion companies. H&M had a total of 3,924 stores by the end of 2015, expanding its global reach to 61 countries across six continents including e-commerce in 23 of them. Last year the company added 16,000 employees to its roster of designers, pattern makers, buyers and other staff, increasing the total number of H&M employees to 148,000.
The first H&M store opened in 1947 in Västerås, Sweden, and was a small women’s wear shop. Now, H&M has six different fashion brands available in its stores worldwide and is expanding rapidly. During 2015, the company opened 413 new stores, adding traditional stores in five new markets - India, Macau, Peru, South Africa, and Taiwan - and expanding its e-commerce network to 10 new countries.
H&M plans to further develop its global presence with an annual expansion rate of 10 to 15 percent. By the end of 2016, H&M expects to have storefronts in 64 markets and e-commerce offerings in 32 markets. Of the 425 new stores planned for this year, three will be in new markets: Cyprus, New Zealand, and Puerto Rico. The brand will also reach nine new e-commerce markets, including Croatia, Estonia, Greece, Ireland, Japan, Latvia, Lithuania, Luxembourg, Slovenia.
H&M's corporate business concept is anchored on sustainability, a concept enabled by the company's global footprint. In 2015, H&M was awarded the 'Industry Mover' distinction in the global retail sector by the RobecoSAM's Sustainability Yearbook for achieving the largest proportional improvement in sustainability performance compared to the previous year.
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Key financial indicators data of listed companies that belong to America's Fortune 500 list. It covers both Quarterly & Annual data. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $12 trillion in revenues, $840 billion in profits, $17 trillion in market value, and employ 27.9 million people worldwide. Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial...
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