H&M aims to tap high-end fashion market: Swedish retail giant plans a pricier brand in bid to lift revenue

Article Abstract:

Swedish clothing retailer H&M Hennes & Mauritz AB is planning to introduce a more expensive line of clothing, citing i ncreasing competition in lower-priced fashions. H&M plans to open 10 new stores in the next year.

Product introduction, New Products/Services, Market share, Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, APPAREL AND ACCESSORY STORES, Clothing stores, Company market share, H&M Hennes & Mauritz AB

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KLM to slash jobs and trim capacity

Article Abstract:

KLM Royal Dutch Airlines is laying off employees and cutting capacity due to developments overseas. The moves were caused by the 2003 Iraqi war and by the spread of the SARS virus in Asia.

Netherlands, Capacity, KLM Royal Dutch Airlines, KLM

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SAS plans to cut 4,000 jobs, freeze wages in restructuring

Article Abstract:

SAS AB is planning to lay off approximately 4,000 employees as part of its restructuring program. The airline is also planning to freeze wages and increase pilot flying times.

Organizational history, Sweden, TRANSPORTATION BY AIR, Air Transportation, Management, Compensation and benefits, Company restructuring/company reorganization, Reorganization and restructuring, Air transportation industry, Civil aviation, Company organization, SAS AB

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