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Agenda-setting intelligence, analysis and advice for the global fashion community.

H&M: Stuck in the Middle With You

Squeezed between low-priced Shein and Zara’s push upmarket, H&M is struggling to deliver on a turnaround, with first quarter earnings coming in below already muted expectations.
Three models pose in a shot for H&M's S/S 2025 collection.
H&M is struggling to deliver on a turnaround plan that will give it an edge in a market squeezed between Shein and Zara. (H&M)

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Further Reading

H&M’s Big Bet on Fashion’s Elusive Middle

In an exclusive interview, CEO Daniel Ervér outlined his strategy to turn the Swedish fast-fashion giant’s greatest weakness – its positioning above Shein but below Zara in the category’s pricing hierarchy – into a strength. It all kicks off with a collection due out next month.

About the author
Sarah Kent
Sarah Kent

Sarah Kent is Chief Sustainability Correspondent at The Business of Fashion. She is based in London and drives BoF's coverage of critical environmental and labour issues.

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