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The Latest Breaking News from HM Group

Meet Smartex: The AI Startup Funded By Amazon And iPod Inventor Tony Fadell That's Stopping 1M Kilograms Of Textile Waste Before It Happens

Smartex, a Portuguese startup founded in 2018, is using artificial intelligence to eliminate textile waste before it happens, capturing the attention of major investors including Amazon (NASDAQ:AMZN), HM Group, and Tony Fadell, inventor of the iPod and Nest thermostat, CNBC reports.

Benzinga

Climate Pledges Of Big Firms 'Critically Insufficient': Report

From carmakers to fast fashion, dozens of major international companies are failing to reduce their greenhouse gas emissions at the pace required to slow climate change, a report said Tuesday.

International Business Times

H&M workers strike for higher pay across Spain, shutting down stores

Hundreds of retail workers have walked off the job across Spain in a new round of strikes against the fashion giant H&M Group

The Independent UK

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Fast-fashion brands claim they’re cleaning up their act for the planet, but their premise might be inherently flawed

Fast-fashion brands are stepping up their sustainability initiatives, but can such efforts overcome the environmental impact of their underlying business model?

Fortune

CAKE And Volta Trucks Team Up On Zero Emissions Last-Mile Deliveries

Swedish electric motorcycle maker CAKE teamed up with electric commercial vehicle maker Volta Trucks to create a last-mile delivery service in Europe.

RideApart

H&M pushes the plastic button

Plastic waste collected by Bengaluru’s informal waste pickers turn into buttons for H&M’s garments produced in India

The Hindu

H&M confirms it will close 240 shops across the world following slump in sales

It also plans to open 95 new shops

Nottingham Post

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H&M to close 240 stores around the world

It has experienced a slowdown in sales

Wales Online

H&M to close 240 stores across the world following a slowdown in sales

The fashion retailer said it will open some 95 new stores and shut around 240 stores this year, with a net decrease of 145 spaces - although it declined to say what locations and stores are affected

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