H&M as a group has been diving deep into sustainability in recent periods and has just announced that it’s “saving” damaged garments in its first-ever Restore Collection, which launches through its COS chain.
J.C. Penny CEO Jill Soltau is attempting to restore Penney’s roots as a retailer of mid-priced apparel for middle-class families, as she reduces inventory at stores to boost margins and closes underperforming outlets.
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.
H&M’s sales grew as expected in the three months to May 31, its second quarter, with an impressive 11%. In local currencies that was ‘only’ a 6% rise, but in the current retail environment, that’s a strong result.