H&M Third Quarter Growth 20%

The world's second largest apparel retailer, Hennes & Mauritz (H&M), announced the third quarter ending August, with a net profit of 5 billion 296 million kronor ($740 million), an annual increase of 20%.

During the period, post tax turnover increased by 21% to 38 billion 805 million kronor ($5 billion 420 million); gross margin fell by 0.5 percentage points to 58.3%.

　　 H&M In the first three quarters, the post tax turnover was 108 billion 775 million kronor ($15 billion 200 million), and the net profit was 13 billion 754 million kroner ($1 billion 920 million).

In addition, on the first 23 days of September Sales volume (in local currency) increased by 7% annually, and sales during the period were affected by warmer weather.

The company said it plans to set up about 375 stores worldwide in October, and will enter the Philippines market in October. However, the plan to open shops in autumn and winter this year will be postponed to next year.

Meanwhile, H&M intends to enter South Africa next year. Peru Taiwan and Macao markets; and e-commerce in 8 to 10 markets.

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Shaxi is a strong town in the leisure clothing industry. "Casual wear" has always been an eye-catching business card in Shaxi. But in recent years, as the market is changing rapidly, labor costs are rising and the overall profits of the industry are declining, the traditional production and sales mode makes Shaxi's traditional clothing industry face a big challenge. The transformation and upgrading of industry has become an urgent task for the town government and clothing enterprises. Shaxi is taking the "cultural creativity", "design research and development" and "e-commerce" as the starting point to promote the transformation and upgrading of the garment industry.

Facing the problems of low industrial chain, low technology content, lack of independent brand and lack of high technology talents in Shaxi garment industry, in order to upgrade the core competitiveness of garment industry and speed up the transformation and upgrading of industries, Shaxi town applies the concept of cultural creativity to build a new industrial body, and extends the brand value of China's casual wear town in the light of "politics, industry, learning and research". Shaxi started the creative and R & D City Project of China's casual wear last year.

In response to the need for transformation and upgrading of the garment industry in Shaxi, the creative R & D city will set up several public service platforms, involving e-commerce, design and research, textile inspection and designer training. At the same time, we will also build exhibition centers, comprehensive shopping malls and headquarters economic buildings. Those SMEs who can not afford designers or professional brand planning teams can get professional technical guidance from here.

In order to solve the problem of talents, the second phase of the creative research and development city, the Shaxi textile and Clothing Institute, was jointly established by Zhongshan Polytechnic and Shaxi polytechnic school to cultivate professionals. According to the introduction, the college will officially enroll in September this year. It will provide counterpart training for Shaxi's garment industry in the transformation and upgrading of new and high technology and professional talents, with clothing design, e-commerce, marketing planning, clothing testing, cloth research and development and other majors. According to the briefing, the creative city will be completed in four phases, and the first, second phase is basically completed. The creative R & D city will develop into a garment creative industry park that integrates designer's dream workshop, designer training center and design outsourcing base.

The creative park organically combines industrial clusters with urban functions, and is committed to building an industrial environment suitable for industrial development and entrepreneurship. When the creative park is completed and put into operation, there will be a number of design universities and enterprises, e-commerce, fashion culture communication and creative, brand and technology innovation enterprises. It will cultivate and provide "high, precise and sharp" talents for enterprises, and will create a first-class industrial park with distinctive characteristics.