[email protected]

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Presentation by: Holly Topinka Erica Southern

Transcript of [email protected]

Presentation by:Holly TopinkaErica Southern

History of H&M

● Fast Fashion and Worldwide Globalization

● Erling Persson-1947

o Hennes in Vasteras, Sweden

o 1967- Mauritz Widforss

● Global Expansion

Fashion Profile/ Target Market

● Both male & female

● Ages 18-45 years old

● Up to date with trends

● Fashion conscious but want low prices

Past Collaborations:

Versace

Karl Lagerfeld

Jimmy Choo

Stella McCartney

Merchandise Assortment/Evolution

● Retail Stores, E-Commerce, Catalog (2009)

● Two Main Collections (Spring and Fall)

o Split between traditional basics and fast

trendy fashion

● Brands

o Hennes, L.O.G.G. (Label of Graded Goods),

and the plus-size BiB (Big is Beautiful) line

● Home merchandise- most profitable

“H&M offers everything from the hottest trends to the best in basics for women, men, teenagers and children complete with shoes, accessories, cosmetics (introduced in 1977), and a home interiors concept.”

Holiday 2013 Campaign

Industry Support/ GovernanceSwedish Copyright Act

● Came into effect in 1960

● Protects clothing designs

● Registered designs get 25 years security

● Unregistered designs get 3 years protection

Marketing Practices Act

● Came into effect in Sweden on July 1, 2008.

● The act implements the EU Unfair Commercial Practices Directive and regulates all marketing practices,

● The act contains three general clauses.

Retail Landscape/ Competition

● Retail: ⅓ of total household purchases; 528 billion

SEK

● Swedish Landscape: concentrated, aggressive,

and competitive

o Risk of new retailers entering the market is

growing

Does not require huge capital

investments

Many individuals have the means to

start a clothing line

Many manufacturing contractors

available

Technological Applications

● Very own unique infrastructure

● Enables each store to look at:o corporate logisticso procurement systems

● Connection to central H&M warehouse.

● Allows the design teams and product development teams to stay connected.

● Allows every step to run smoothly.

Local Production/ Expanding

● Vertical Integration

● Stockholm, Sweden: buyers, product

developers, and designers

● Asia and Europe: production, merchandisers,

auditors, and sustainability teams

o 700 independent manufacturers to

create product

● Future:

o Lessen dependency in Asia

o Test production has begun in Ethiopia