H&M in Brief
H&M was established in Västerås, Sweden in 1947 by Erling Persson. We now sell clothes and cosmetics in around 1,500 stores around the world. Here are some brief facts about H&M:
The world's first H&M store
on Stora Gatan in Västerås, Sweden.
- H&M offers fashion and quality at the best price.
- H&M’s first store was opened in Sweden in 1947.
- At the end of the financial year 2007 there were 1,500 stores in 28 countries.
- H&M offers fashion for women, men, teenagers and children.
- The collections are created centrally by around 100 in-house designers together with buyers and pattern makers.
- H&M also sells own-brand cosmetics, accessories and footwear.
- The stores are refreshed daily with new fashion items.
- In Sweden, Norway, Denmark, Finland, the Netherlands, Germany and Austria H&M offers fashion by Internet and catalogue sales.
- H&M does not own any factories, but instead buys its goods from around 800 independent suppliers, primarily in Asia and Europe.
- H&M has about 20 production offices around the world, mainly in Asia and Europe.
- H&M employs about 68,000 people.
- The turnover in 2007 was SEK 92,123 million.