H&M profits spring back to life as it seeks to fight off Chinese fast fashion rival Shein
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.
Stay updated with breaking news from Daniel Erver. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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’.
GameStop’s earnings disappoint investors, Robinhood Markets’ credit card launch is well received, Trump Media & Technology Group shares are rising after a strong trading debut, and Merck stock is gaining after an FDA drug approval. Here’s what investors need to know today.