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H&M is about to open its new Dublin flagship store and its sales keep on going up

The company is known for recruiting celebrities as the faces of its campaigns.

Gisele Bündchen appears in an H&M music video Gisele Bündchen appears in an H&M music video H&M / YouTube H&M / YouTube / YouTube

SWEDISH FAST-FASHION CHAIN H&M has capped 20 months of rising global sales only 4 days before the launch of its new flagship store in Dublin.

The budget clothing retailer, known for enlisting celebrities for its marketing campaigns, reported its sales were up 10% in November when compared to the same month last year.

Sales for H&M, an abbreviation of Hennes & Mauritz, were up 14% over a full year, outstripping the company’s rapid-fire growth in its number of outlets.

H&M reported sales for the three months from September to November were up 11% to about €4.5 billion for the period, excluding sales taxes.

It has 3,511 outlets open worldwide at the end of November compared to 3,132 for the same time in 2013 – an increase of about 12%.

The company already operates 14 stores in Ireland and will open the doors for its latest outlet, a new flagship store in the former National Irish Bank building on College Green, on Thursday.

college Green The site of the new H&M store at Dublin's College Green Google Maps Google Maps

H&M had been among many retail chains that complained of weaker-than-expected autumn sales because of unusually warm weather putting shoppers off stocking up on winter lines.

However the company has still delivered an increase in total sales every month since March 2013.

H&M has recruited celebrities from David Beckham to Beyoncé to front its campaigns, although it has been criticised for using computer-generated models to show off products on its website.

Hennes & Mauritz / YouTube

READ: Irish people are queueing up to buy clothes with ‘WANG’ printed on them >

READ: H&M defends digital models in online campaign >

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19 Comments
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    Mute Shane Kelly
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    Dec 15th 2014, 12:24 PM

    Lot of hate on here but I love H&M. Great clothes and not overpriced.

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    Mute Enda
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    Dec 15th 2014, 11:50 AM

    Dunno why anyone buys Penneys ill-fitting, poor quality clothing when for literally a couple of Euro more you can get decent stuff in H&M.

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    Mute Will Derbylight
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    Dec 15th 2014, 11:38 AM

    External investment continues – Wetherspoons, Tesco, McDonald’s, Deals, Aldi etc. etc.

    104
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    Mute Mike
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    Dec 15th 2014, 1:36 PM

    Investment is a good thing. Confidence in the market. Jobs created. What every country needs.

    55
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    Mute Bill Rooney
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    Dec 15th 2014, 11:48 AM

    It you walk from Stephens Green to Parnell Square – looking at the retail outlets – you could be in Glasgow, Sunderland or Lyon.

    Just like the rest, we’ve lost our our identity completely.

    96
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    Mute Enda
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    Dec 15th 2014, 11:51 AM

    Every high st in Europe has the same craps.

    90
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    Mute Gagsy 99
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    Dec 15th 2014, 12:12 PM

    only if you define your national identity based on shopping.

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    Mute Neal Ireland Hello
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    Dec 15th 2014, 12:21 PM

    I couldn’t care less where these shops come from or what “identity”they’re making , as long as they’re creating stable jobs and lots of them.

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    Mute Bill Rooney
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    Dec 15th 2014, 12:52 PM

    99 – ‘national’ wasn’t typed. Keep up.

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    Mute Christy Morrison
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    Dec 15th 2014, 2:46 PM

    What’s a high st

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    Mute Charles J. Ahern
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    Dec 15th 2014, 1:04 PM

    I love H&M, they do a good range of affordable clothes. I’ve been getting a lot of good work shirts there ever since I stopped buying charvet.

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    Mute Mike
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    Dec 15th 2014, 1:18 PM

    Dame street will become Dublins new shopping street. Always wondered why Abercrombie and Fitch never bought the building H&M are now in. It was on the market last year for €3 million. A&F pay an annual rent of €900k for the building they’re in.

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    Mute Darragh Flynn
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    Dec 16th 2014, 8:10 AM

    Always thought that myself, would have had it paid off already!

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    Mute Djr
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    Dec 15th 2014, 11:51 AM

    Hoorah for cheap one wash clothing and the poor sweat shop workers who have to manufacture them.

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    Mute Joanna
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    Dec 15th 2014, 12:08 PM

    I dunno. H&M is a member of the Ethical Trading Initiative apparently http://www.ethicaltrade.org/about-eti/our-members

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    Mute kevinhunt101
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    Dec 15th 2014, 12:45 PM

    Every clothing company basically uses the same sweatshops, without these clothing would be much more expensive, which most people wouldn’t be prepared to pay. Also no matter how expensive or cheap clothing is, all companies have had their own ethical scandals in this regard, no company is immune due to the fact they often outsource manufacturing to distance themselves if anything does go wrong

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    Mute Will Derbylight
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    Dec 15th 2014, 12:53 PM

    Kevin – do you include M&S?

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    Mute Djr
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    Dec 15th 2014, 1:58 PM

    Well a lot of main stream clothing is manufactured in very impoverished parts of the world paying pennys to anyone whos willing to work 12 hour shifts every day but top top brands create all designs from the respected countries they originate from, Italy, France etc. That aside Id happily pay a bit extra if i knew 100% that the poor who slave over our materialistic needs where given the decent wage so they dont have to suffer for our benefit!

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    Mute poisonivy
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    Dec 15th 2014, 2:12 PM

    Just open in Galway already!

    29
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