Daniel Erver News Today

H&M chief exec Daniel Erver said it was on the right track as it seeks to maintain its market share. Net sales are up 2% so far in March.

Sales fell by two percent to 53.7 billion kronor, but H&M said they "gradually improved" in February and rose in the first weeks of March.

STORY: H&M shares soared over 13% early Wednesday .... -March 27, 2024 at 06:18 am EDT - MarketScreener

Daniel Erver, chief executive of H&M, said it has seen signs it is ‘on the right track’.

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H&M, the worlds second-largest fashion retailer, has delayed some Spring/Summer campaigns due to shipping delays caused by the Red Sea crisis. CEO Daniel Erver stated that the impact on customer availability was minimal. The delays, around two weeks in some markets, are due to ships avoiding the Suez Canal. H&M is monitoring the situation and has taken measures to minimize the impact, including asking suppliers to ship products earlier and speeding up plans to shift production closer to ...

H&M, the worlds second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday helped by a smaller-than-expected fall in sales. The Swedish group...

STOCKHOLM, March 27 — H&M said today its net profit more than doubled in the first quarter as the world’s second biggest fashion retailer worked to control costs. The...

By Dominic Chopping STOCKHOLM--STOCKHOLM--Swedish fashion retailer Hennes & Mauritz posted a forecast-beating net profit for the fiscal first quarter as sales gradually improved during...

Shares in fashion group rise in early trade