H&M Delays E-Commerce Launch

Despite H&M's plans to ramp up their expansion, Businessweek is reporting that the Swedish company has delayed the launch of its online shop in the United States to the middle of 2013 instead of the second half of this year. The company said it simply needs more time to prepare that offering.

It also said it plans to launch a new fashion brand, & Other Stories, in the beginning of 2014,  which will be located in separate stores. & Other Stories will focus more on quality and will be and be priced higher.