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H&M, the world's second-biggest listed fashion retailer, postponed the start of some Spring/Summer campaigns to adjust to shipping delays caused by the Red Sea crisis, CEO Daniel Erver said...
STOCKHOLM: H&M the world’s second-biggest listed fashion retailer, postponed the start of some Spring/Summer...
The fashion giant said it has seen a positive response from shoppers to its spring collection as it posted a rise in profits
STOCKHOLM (AFP) – H&M said yesterday its net profit more than doubled in the first quarter as the world’s second biggest fashion retailer worked to control costs. The Swedish company reported a profit-after-tax of SEK1.2 billion in the December-to-February period. “Through continued cost control, better precision in our collections and close cooperation with our suppliers, […]
Investors will be looking for reassurances from new H&M CEO Daniel Erver that he has the right plan to reboot revenue growth when the fast fashion retailer reports its first quarterly earnings under his leadership on Wednesday. Erver took the helm in January after his predecessor Helena Helmersson stepped down unexpectedly on the day of H&M's annual results, unsettling investors, Reuters reported. H&M shares are still down 10% from where they stood before that.