PARIS — Hennes & Mauritz AB reported a 13 percent dip in full-year profit, highlighting its struggle to grapple with the shift of consumption to digital avenues.Profit for the year ending Nov. 30 was 16.18 billion kronor, or $2.05 billion, the fast-fashion retailer said, noting online business has not grown fast enough to compensate for the decline in store traffic.In addition, the retailer said it was launching a new discount marketplace for fashion and lifestyle products that will feature both external and H&M group brands. Named Afound, it will present seasonless items in a variety of price segments both online and in physical stores, starting this year with a first unit in Stockholm.Sales for the year rose 4 percent, including VAT, to 232 billion kronor, said the Swedish fast-fashion retailer, a performance that the company said was below expectations.“Underneath the disappointing recent performance, we see reasons for optimism…but we need to accelerate the transformation,” noted the company, which has plans to outline its strategy at an investor day on Feb. 14.It said it will add its H&M and H&M Home labels to Alibaba's online e-commerce platform Tmall in March 2018.
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot. #wwdfashion ( 📸: @cjw.photo )
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)
“On a personal level, it’s my vision to create a really different idea with their look to be at the epitome of women’s fashion in South Korea – to create a new milestone,” said stylist @chochowon on dressing K-pop’s most fashionable girl group, @blackpinkofficial. WWD’s @mistywhitesidell sat down with Won ahead of the group’s new album release, “Square Up,” which is out today. Read the full interview on WWD.com. #wwdfashion #blackpink_squareup #blackpink
For @ralphlauren, 2018 is a reason to celebrate: It marks the brand’s 50th year in business. Last year’s chauffeured show in Bedford, NY featuring his vintage car collection may have seemed like the big celebration to show-goers, but they were wrong. The official celebration will be held on September 7 during #NYFW. Get all the details on WWD.com. #wwdfashion (📷: @giovanni_giannoni_photo)