H&M CEO quits as sales keep sliding, shares drop - Life & Style
STOCKHOLM: H&M opens new tab unexpectedly announced a change of leadership on Wednesday with company veteran...
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STOCKHOLM: H&M opens new tab unexpectedly announced a change of leadership on Wednesday with company veteran...
Discover the implications of H&M CEO's resignation amidst a sales decline and its impact on the fashion retailer. Stay informed with the latest news and analysis on the industry.
H&M's leadership change has come after the company admitted that sales for December and January - the key Holiday season - fell by 4% compared with the prior year.
H&M has announced its CEO has stepped down with immediate effect as it reported a 4% decline in its December 2023 to January 2024 sales.
The departure of the Swedish clothing giant's chief executive coincides with a slowdown in sales