23. H&M // +1% // $16,571 $m

With an ever-increasing number of competitors gaining traction globally and more big retailers stepping into low-cost fast fashion, H&M, the Swedish multinational retail ... more 
23. H&M // +1% // $16,571 $m

With an ever-increasing number of competitors gaining traction globally and more big retailers stepping into low-cost fast fashion, H&M, the Swedish multinational retail clothing company, has set its sights on finding new ways to maintain industry leadership. H&M has weathered the economic downturn well. In June, it reported forecast-beating quarterly profit growth. It has also increased market share in its main markets and expects to open 275 stores over the course of the year — including H&M’s first in South America in the first half of 2013.

The secret recipe for H&M continues to be partnering with big-name designers, celebrities, and high-profile supermodels, and this strategy clearly resonates with the aspirations of its fashion savvy, pop-culture-following target customers.

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Yahoo Finance Canada
Tue, Oct 2, 2012 3:00 PM EDT