H&M NYC offers fashion and quality at the best price with a broad and varied selection of clothing, jewelry, accessories and more for women, men and children.
About H&M: H&M is a Swedish multinational retail-clothing company, known for its fast-fashion clothing for men, women, teenagers and children. H&M exists in 53 countries and as of 2013 employed around 116,000 people. The first store was opened on the high street of Västerås, Sweden in 1947. It had 2,325 stores at the end of 2011 and 2,629 stores at the end of August 2012. It is ranked the second largest global clothing retailer, just behind Spain-based Inditex (parent company of ZARA), and leads over third largest global clothing retailer, United States based GAP Inc. The design team in the company’s Sweden office controls the steps of production, from merchandise planning to establishing specifications, and production is outsourced to approximately 800 factories in Europe and Asia. These facilities are used for horizontal division of labor, rather than being integrated. The company’s founder Erling Persson traveled in 1946 in the United States and came up with the business idea back to offer fashionable clothing at great prices. In 1947, he opened his first shop Västerås, Sweden “Hennes”, in which he exclusively sold women’s clothing. “Hennes” is Swedish and means “for her” and/or “hers”. In 1968, hunting clothing retailer Mauritz Widforss was taken over, which led to the inclusion of a menswear collection in the offer and the name change to “Hennes & Mauritz” (H&M). In 1998, the company succeeded her initials “HM” to buy as an Internet domain HM.com. H&M should always have the best customer offering in each and every market. To them, design, quality and sustainability are not a question of price: they should always offer inspiring fashion with unbeatable value for money. Quality is a central topic, from initial idea to final product. H&M’s aim is to always exceed their customers’ expectations on quality. H&M ensures the best price by: in-house design,
no middlemen, large purchasing volumes, buying the right products from the right markets, efficient logistics and cost-consciousness in all parts of the company. An important element of H&M’s strong offering is that H&M should be the more sustainable choice. Considerable resources are devoted to increasing sustainability.
H&M does not own factories, but instead buys products from independent suppliers that are close long-term partners of H&M. They work to bring about long-term improvement for people and the environment – in the supply chain, the garment lifecycle and the communities in which they are active.
Distance from the Row NYC hotel: 3 Blocks
- 1472 Broadway, New York, NY 10036
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