|« Ethiopia: Meseret Defar Easily Wins Women's 5000||Massacre in Cairo: Egypt's Tiananmen Square »|
Swedish retailer H&M Looks to Source Clothing From Ethiopia
Source: Wall Street
Retailer Hopes African Country Will Help Keep Shelves Stocked
STOCKHOLM—H&M Hennes & Mauritz AB HM-B.SK -1.63% is looking to Ethiopia as a new low-cost country in which it will produce clothing, as the apparel retailer races to keep shelves stocked at a growing number of stores world-wide.
The Swedish company relies heavily on Bangladesh for clothes production, and a move to Africa would expand its sourcing footprint but not replace its commitment to production in Asia. One supplier says H&M is looking to source one million garments a month from Ethiopia.
A spokeswoman said the fashion company has placed test orders with Ethiopian suppliers and that large-scale production could begin as early as this fall. H&M is adding stores in a number of markets, a move needed to help offset stagnant same-store sales in some regions.
One million garment a month from Ethiopia! Wow!
This means more employment opportunity for our people back home.
Diaspora fools & idiots please don’t hate EPRDF for being smart and perfect.
Thank you EPRDF for the great leadership.
Way to go!!
Good news for local job market that Ethiopia needs. Employment is the key to alleviate the country’s chronic poverty that is prevalent among the vast portion of the population. Therefore the entrance of big companies such as H&M and providing employment is truly a welcome news and should be supported by all regardless of politics.
Costs per unit manufactured in Ethiopia were more than half the cost of China as of 2011, which is the latest data available.
But rising costs in Ethiopia could be a problem in the future. Bernstein analyst Anthony Sleeman said costs rose 18% in Ethiopia in 2011 versus 2010, compared with a 7.7% spike in China. At that rate, Mr. Sleeman expects Ethiopia’s costs per unit will exceed China’s by 2019.
Why do not you get a job there, may be you become a good productive weyanne citizen.?
You should stop begging and a life.
Adgi ,another fact that you and your Thuggy bros are the most fools & idiots for promoting Slavery .For your brain washed ,banda narrow mind ,H&M ,like Nike ,Levy or any Industrial Group are just looking for sheap manpowers in the world . If they have decided to transfer their production from Bangladesh (one of the poorest country in the world )to Ethiopia ,proves how badly are paid Ethiopian Workers .
By the way ,you are so fool and Idiot that you do not even analyse that the real benefitors are once again Chinese ,Hindus and Turkish including the Saudis
owning the manifactures .The same as your bandit masters illegal business of sending our Young ladies to Arab Countries
while others have imposed many restructions and conditions protecting their Citizens working
there .TCHINKILATEBIS MORON BANDA !!!!!
for a company to relocate its resource to a foregin land it should have a great deal of confidence on the leadership of the host country. on the other hand the govt must earn the trust of these investors. that is what exactly the mighty EPDRF did.for the last twenty years what EPDRF was doing is
above all build the confidence of national and international investors.
Viva Epdrf this is just the begining. viva Pm Meles your vision is being real everyday
This’s the type of news I need to read every morning. If we are able to attract business to come to Ethiopia, then our sisters will stop going to Arab countries for work. This is melody to my ears. Just let’s fight coraption. EPRDF Enough is enough with coraption haven’t you stolen enough???
NOW THE FOOLS AND IDIOTS WILL PROTEST IN FRONT OF THE STORE. THE VILLAGE IDIOTS THINK OPPOSITION MEANS OPPOSING EVERYTHING. FOOLS AND IDIOTS LIKE BIRR AHUN AMTU, LEMAGEN, ELIAS “ISAYAS KIT LASHE” KIFTAF, GO AND DEMONSTRATE. FOOLS AND IDIOTS GOOD NEWS COMING FROM ETHIOPIA MEANS BAD NEWS FOR THEM.
I am very sure you were in Ethiopia for the last two years and you are renewed as new and civilized person by EPRDF. Thanks God!!!
Only few of people in the ruling EPRDF/TPLF party with lust for money and power can afford to buy expensive and luxurious product while starving and impoverishing the rest of the population.
At this time we shouldn’t talking about expensive shops when EPRDF/TPLF regime purposely is making our people Homeless, Prisoners and the Poorest on earth.
EPRDF is making people destitute by destroing their homes and putting them on the street and turns around and build condominiums and sell it back to them and sell their land to their cronies in the name of investors.
The majority, the Amhara and Oromo people are left to supply leather and other resources aAnd subjected to Ethnic cCeansing as planned by 1977 TPLF manifesto and late Meles.
Today the UN is dropping food aid to those Majority, the Amhara and Oromos while Tigray, the driest land in Ethiopia is flourishing and showered by money and food.
EPRDF/TPLF is a criminal regime that must be thrown out and face justice.
Great news, we need all the jobs we can get.
What worries me thou is the concentration of factories in Addis Ababa. Would be nice to see the factories spread-out throughout the Country to spread the wealth.
I China this created a lot of social problems where parents left their young children in the countryside only to comeback once a year.
The professors and Doctors of disaster must be plotting to protest in front off H&M and will soon tell us to boycott their products.The country is progressing because the evils are out where they belong,in the diaspora.
This is very good news. That country needs every possible industrial means to wean it’s over worked and destitute peasant population from over-saturated agrarian way of life. I see no problem now if any large conglomerate companies start opening factories or help existing ones grow. Industrial society is much better than an agrarian one where the majority of the peasant population is barely eking out
life-or-death living. I hope all the Zaras, Sears, Walmarts, Gaps, Macy’s and many other mult-national corporations will follow H&M’s footsteps and help tear down that age-old subsistence livelihood .
It is better than those beggar org. thar invading us. Ethiopia does not need hand out but jobs and education. H&M is one of these few western companies to improve the lives of poor Ethiopians who live less than a one dollar a week. Just imagine those beggars thousands of them train there and get job. This will change their lives. I say again , more companies create job and improve their lives in time but those beggars org. Like oxfam,USAIDS ,all charities are a disease without cure. We should get ride of these parasite org. Replace them by work for bread.
While I comment Swedish to be partner with Ethiopia. We must be very weary of Monopoly people. First thing: what are the resources in Ethiopia that allows the people to make manufacture and build the economy? One of the resources and talent we have is the garment busness. If H and M comes in, it will take over all those garment designs and Monopoly the clothing and garment business bankrupting the small business. Big does not always mean good. However what Ethiopia needs to invest in which she doesn’t have and welcome investors should be, machinery, electronics stuff. In addition, why don’t we focus on education and hospitals. Who has the money to buy H and M clothes? If anything, they are going to enslave the people through “cheap labor”
«_ethiopian airlines_» adoption agriculture airline airlines athletics aviation business caf china «commodity exchange» crime diaspora drought dv economy ecx energy eritrea «ethiopian airlines» famine fashion football health hydroelectric ict immigration investment islam manufacturing media «meles zenawi» migration mobile muslim nile olympics phone politics power press rail railway religion soccer sport style technology telecom wikileaks