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H&M Q3 Profit After Financial Items At SEK 2,365 Mln, Above Expectations
H&M Q3 Net Sales Down By 19% To SEK 50,870 Mln
H&M India Manager Janne Einola To Leave At End October
H & M Hennes & Mauritz AB is a Sweden-based company active in the clothing industry. It operates under such brand names, as H&M, H&M Home, COS, Monki, Weekday, Cheap Monday and & Other Stories. It is engaged in the design, manufacture and marketing of clothing items and related accessories. The Company’s product range comprises clothing, including underwear and sportswear, for men, women, children and teenagers, as well as cosmetic products, accessories, footwear and home textiles. The Company offers its products in a number of branded stores spread across over 40 markets. Additionally, the Company offers online and catalogue sales in Sweden, Norway, Denmark, Finland, the Netherlands, Germany, Austria and the United Kingdom, among others.
Maester Samuelsgatan 46A
Chairman of the Board
Chief Executive Officer
Chief Financial Officer
Head of IT
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China's Shein may be the biggest shopping site you've never heard of.
Shoppers at H&M in Stockholm will be able to watch their old jumpers be knitted in to a new sweater or scarf on the spot as the world's second-biggest fashion retailer looks for new ways to encourage its customers to recycle used garments.
Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
H&M plans to close hundreds of stores next year as the coronavirus crisis drives more shoppers online, the world's second biggest fashion retailer said on Thursday, after reporting a smaller than expected drop in third-quarter profit.
Sweden's H&M has been fined 35 million euros ($41 million) by the German authorities for internal data security breaches at its customer service centre in Nuremberg, the fashion retailer said on Thursday.
* Rivals Inditex and H&M also showing signs of recovery (Adds context from Inditex, H&M)
Sweden's H&M <HMb.ST>, the world's second-biggest fashion retailer, beat quarterly profit forecasts as it recovered more quickly than expected from a coronavirus-induced slump, in a positive sign for the industry.
European stocks struggled for direction on Tuesday, with banking shares declining ahead of the U.S. and UK central bank meetings this week, while Sweden's H&M surged after reporting a better-than-expected profit.
Fashion giant H&M said on Thursday it has suspended a number of employees over the use of a racial slur relating to the name of a hat to be sold at stores of its & Other Stories brand.
Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M, has launched in Germany in a first step outside its home market as it bets on shoppers trending towards more sustainable consumption.
H&M, the world's second-biggest fashion retailer, swung into a steep loss in its March-May quarter and said its recovery outlook was uncertain, although trade had resumed faster than feared as pandemic lockdowns ease and stores reopen.
Sweden's H&M, the world's second-biggest fashion retailer, reported on Friday a slightly bigger fiscal second-quarter loss than expected as pandemic closures weighed and said local-currency sales so far in June were down 25%.
H&M <HMb.ST>, the world's second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow the COVID-19 pandemic slammed the sector.
H&M, the world's second-biggest fashion retailer, reported on Monday a sharp, but slightly smaller than expected, drop in fiscal second-quarter sales as COVID-19 and government initiatives to slow the pandemic slammed the sector.
H&M, the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.
Sweden's H&M <HMb.ST> expects the 2,500 furloughed staff at its headquarters in Stockholm to return to work in July, the world's second-largest fashion retailer said on Wednesday.
Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed.
Sweden's H&M is set to permanently close eight of its Italian stores, including two in the country's fashion capital Milan, as it pushes ahead with plans that pre-date the COVID-19 pandemic.
H&M, the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro ($1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic.
Fashion giant H&M said on Tuesday it is working with other companies to support garment workers in Bangladesh, where more than 2 million have been hit by factory closures as coronavirus lockdowns hit orders.
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