H&m

H&M's sales lead widened in FY25; Uniqlo emerged as breakout story

H&M remained India's top global fashion retailer in FY25, while Uniqlo clocked the fastest growth, even as rivals like Zara and M&S lagged amid market slowdown

Beyond Ikea and H&M: Sweden raises its trade, investment game in India

The European Union (EU) and its member countries have stepped up their engagement with India, in the face of punitive tariffs being imposed against New Delhi by the United States (US)

H&M marks 10 years in India with launch of new beauty product line

H&M is launching its beauty line in India on October 2 with 200 products across make-up, fragrances, and beauty tools as it marks 10 years of operations in India

US tariff hike will drive up prices for American consumers: H&M CEO

H&M is monitoring and preparing for tariffs, though these are a moving target given the uncertainty over which countries Trump's announcement will target next week, Erver said

Global apparel major H&M to not seek discounts from Bangladeshi suppliers

Bangladesh, alongside China, is the largest production market for clothing for the group

H&M sinks on doubts about margin target, June sale drop due to bad weather

Sales this month are likely to fall 6% in local currencies versus a year earlier, partly due to poor weather in many markets, the Swedish company said

Zara is reopening its shops in this country after a two-year hiatus

Several companies shut their doors in Ukraine as well as Russia two years ago but many of them are now returning

H&M's top leader steps down in surprise move after disappointing earnings

H&M's top executive unexpectedly stepped down on Wednesday and the company's stock plunged as the fashion giant reported a drop in sales over the holiday shopping season. Helena Helmersson resigned after four years as CEO and 26 years at the company, saying she was proud of the work done over the past few years, including navigating the COVID-19 pandemic, but that it has been very demanding at times for me personally. She was replaced by Daniel Ervr, who was in charge of the H&M brand and has worked for the Swedish clothing retailer for 18 years. "Our focus will be on offering our customers the best combination of fashion, quality, price and sustainability in an inspiring and attractive shopping environment, Ervr said in a statement. H&M shares fell as much as 11 per cent after the announcement and news that its latest earnings missed analyst expectations. For the last three months of 2023, operating profit margin fell to 7.2 per cent from 7.8 per cent in the previous ...

H&M names Daniel Erver as new CEO amid struggles to boost sales

H&M's fourth-quarter operating profit margin fell to 7.2 per cent from 7.8 per cent in the third quarter

H&M to shut a quarter of Spanish stores and lay off 588 employees

The company will carry out the layoffs for unspecified organizational, productive and economic reasons, unions CCOO and UGT said in a joint statement

H&M reports 4% drop in Sep-Nov sales, slightly more than expected

H&M has been losing ground to Zara owner Inditex, which on Wednesday reported a 15% rise in local-currency sales for the nine months through October, and a 14% rise for the following six weeks

Bangladesh workers' protest: 150 factories shut, cases against 11k workers

Bangladesh's garment workers earn $95 a month as minimum wage and are demanding a minimum wage of $208 a month

H&M probes Myanmar garment factory abuses after Zara's walkout talk

Other brands continuing to source from Myanmar have also ramped up monitoring of suppliers through field offices enabling them to conduct their own inspections instead of relying on external audits

Low-cost fashion chain H&M to cut 1,500 jobs globally to improve efficiency

Low-cost fashion brand H&M said Wednesday that it will be reducing its global workforce by around 1,500 positions as part of a plan to reduce costs and further improve efficiency. The Sweden-based company said a restructuring charge of 800 million kronor ($76 million) will be booked in the last three months of the year. The staff reduction is estimated to provide annual savings of about 2 billion kronor ($190 million). CEO Helena Helmersson said H&M was very mindful of the fact that colleagues will be affected by this. We will support our colleagues in finding the best possible solution for their next step. H&M was founded in Sweden in 1947. Besides the clothing retailer, the group includes brands like COS, Monki, Weekday, Cheap Monday, & Other Stories, H&M Home, ARKET and Afound. It counts about 4,664 stores in 77 markets and has 57 online markets.

H&M to exit Russia at the cost of $190 million after purging inventory

H&M AB decided to start winding down its operations in Russia, having halted all sales in the country in March after Russia's attack on Ukraine

H&M flags more price hikes, beats profit expecations by fewer discounts

Pretax profit at world's second-biggest fashion retailer jumped 33% from a year earlier to 4.78 bn crowns ($471 mn) in the Swedish group's second quarter, on sales growth of 12% in local currencies

H&M sales soar but shares slip on concern about Ukraine war impact

H&M earlier this month temporarily closed its stores in Russia, which last quarter accounted for 4% of group sales

Zara owner Inditex, rival H&M bounce back from pandemic blues

H&M said sales in local currencies matched pre-pandemic levels from September through November

Social commerce firm Trell raises $45 mn in series led by Mirae Asset, H&M

It is first Indian investment by H&M Group, company that owns fashion retail brand H&M, COS, and Monki

H&M swings back to profit as Covid restrictions ease, stores reopen

STOCKHOLM (Reuters) -Fashion retailer H&M on Thursday reported a bigger than expected second quarter profit as many of the company's stores reopened but earnings remained well below pre-pandemic levels and the group's shares fell sharply.