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H&M Escalates Transformation Efforts After Profits Nosedive

Biodegradability or recycled? Carbon inset or carbon offset? Blockchain or chasers? Get the definitions and relative advantages of each, and learn how to address your company’s specific impacts and goals. Join us July 29 for our Sustainability FAQs Workshop with Gap Inc., SAC, Fashion for Good, Accelerating Circularity, Lectra & Cotton Incorporated.

H&M said “mistakes” led to a 34 percent drop in profit for the fourth quarter of 2017, totaling 4.87 billion Swedish krona ($618.78 million). Sales for the period slid by 4 percent to 58.481 billion SEK ($7.43 million). Full year profits sank 13 percent to 20.81 billion SEK ($2.64 billion). Calling the year mixed, CEO Karl-Johan Persson…

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