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Red Sea crisis: Fast-fashion retailer H&M delayed some campaigns due to Red Sea crisis

Published: March 27, 2024

H&M, the world's 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 customers.

Source: indiatimes.com

H&M beats earnings expectations as new CEO plots turnaround

Published: March 27, 2024

H&M, the world's 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...

Source: marketscreener.com

H&M's net profit doubles in first quarter

Published: March 27, 2024

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...

Source: malaymail.com

Hennes & Mauritz Net Profit Beats Forecasts as Sales Pick Up

Published: March 27, 2024

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...

Source: marketscreener.com