XXI vs HM COMPANY COMPARISON PRESENTATION Company Description
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XXI vs. H&M COMPANY COMPARISON PRESENTATION
Company Description H&M XXI • Headquarter in Los Angeles Headquarter in Sweden • offers cheap and chic apparel and accessories for women, teens, and kids. offers cheap clothing, mainly for men • and women ages 18 to 45, children's apparel, and its own brands of cosmetics. 450 stores 2000 stores • • mainly in US, Canada, and a dozen Asian countries in 35 countries, most of them in Europe cloth made in Southern California countries. Germany is their #1 market 60% of cloth made in Asia.
Company History H&M XXI � � CEO Don Chang and his wife was the founder. Founded in year 1984. Opened the first store in Los Angeles, CA. Fashion 21 was the name they began with. • • Founder was Erling Persson. Opened the first store in Vasteras, Sweden. Founded in year 1947. The name they began with Hennes.
Revenue Growth XXI Their revenues at US$1. 7 billion in 2008. Their revenue has almost closely reached to 3 billion in 2009. H&M’s sales excluding US$13. 7 billion in 2008, with profit after tax up 13% to US$2. 4 billion. But the rate dropped -4. 1% in 2009.
Financial Information & Potential Growth XXI H&M In seven years, Forever 21 has grown Growth in Asia especially in China and from 1 million square feet of space to 10 million. This year it plans to open at least 75 more stores in five countries. Forever 21 had a profit of $135 million in 2008. And it did all this without selling any item for more than $60. Today, Forever 21 has made nearly $3 billion, 477 -store, and 35, 000 -employee chain. Hong Kong is especially strong, and makes up for declines in profit in Spain. Although growth in internet retailing sales is particularly promising for clothing and footwear retailers, H&M has been a late entrant and will struggle to seize the opportunities offered by this channel.
Subsidiary Companies XXI Doesn’t have much… Gadzooks (Also is a cloth retail…) H&M Have Subsidiary to countries: H& M Hennes & Mauritz AB H&M Hennes & Mauritz LP. H&M Hennes & Mauritz UK Ltd.
Relevant News Forever 21 to Donate All Online Sales Made Today to Disaster Relief in Japan H&M and Inditexboth rise to the challenge and plan to develop internet retailing.
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