H&M operated 2,325 stores at the end of 2011, and 2,629 stores at the end of August 2012. Its worth was estimated at $12–16 billion. Other brands įollowing expansion in Asia, the launch of concept stores including COS, Weekday, Monki, and Cheap Monday, in 20, branding consultancy Interbrand ranked the company as the twenty-first most-valuable global brand, making it the highest-ranked retailer in the survey. Initially distributed through the company's online catalog, there are now H&M Home stores located internationally. In 2008, the company announced in a press release that it would begin selling home furnishings. store on 31 March 2000, on Fifth Avenue in New York City marked the start of the expansion outside of Europe. H&M continued to expand in Europe and began to retail online in 1998 with the domain hm.com registered 1997, according to data available via Whois. Shortly after, in 1976, the first store outside Scandinavia opened in London. The company was listed on the Stockholm Stock Exchange in 1974. In 1968, Persson acquired the hunting apparel retailer Mauritz Widforss in Stockholm, which led to the inclusion of a menswear collection in the product range and the name change to Hennes & Mauritz. The shop, called Hennes (Swedish for 'hers'), exclusively sold women's clothing. The company was founded by Erling Persson in 1947, when he opened his first shop in Västerås, Sweden. 7.4 Factory building structural collapses.5.2 Supply chain adaptation for endangered forest protection.5 Sustainability and environmental awareness.1.7 Withdrawal from Russian market (2022).

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