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Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors
MONEY & CAREERS By Reuters | April 5th 2021 Samsung Electronics Co Ltd likely saw a 45 per cent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant. Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion...
Sales at fashion group H&M fell slightly less than expected in the three months to February and rose in the first half of March as pandemic restrictions were eased in some markets, allowing hundreds of stores to reopen.
<div class="at-above-post addthis_tool" data-url="https://www.metro.us/fashion-giant-hms-sales/"></div>STOCKHOLM (Reuters) – Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in some markets, allowing hundreds of stores to reopen. The world’s second-biggest apparel retailer said on Monday net sales fell 27% from a […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settin...
3 Min Read STOCKHOLM (Reuters) - Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in some markets, allowing hundreds of stores to reopen. The world’s second-biggest apparel retailer said on Monday net sales fell 27% from a year earlier, or 21% when measured in local currencies, to 40.1 billion crowns ($4.72 billion). Analysts had on average forecast a 30% decline in net sales for the period - the Swedish group’s fiscal first quarter - according to Refinitiv SmartEstimate...