H&M scrapped its earnings margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, sending shares in the world's No.2 listed fashion retailer down as much as 8 percent
Chief executive Daniel Erver said the company had achieved its "best profit and cash flow for many years" in the April-to-June period, with profit after tax reaching five billion Swedish kronor ($473 million).
H&M said Wednesday its net profit more than doubled in the first quarter as the world's second biggest fashion retailer worked to control costs
Are clothes made from 'recycled materials' really helping against climate change ?
H&M's CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect
The alliance will play a pivotal role in initiating policy dialogues focused on reducing carbon dioxide emissions, developing climate-responsive power policies, establishing power purchase agreements and identifying climate-smart investment opportunities
They discussed RMG sector's future development
H&M (HMb.ST), the world's second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list of companies fully exiting the country.
The designer Ralph Lauren is to step down as the head of the luxury fashion company he founded nearly 50 years ago.
They discussed RMG sector's future development
H&M (HMb.ST), the world's second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list of companies fully exiting the country.
The designer Ralph Lauren is to step down as the head of the luxury fashion company he founded nearly 50 years ago.
David Beckham earned 50.8 million pounds last year, after multiple endorsement deals with brands like H&M and Adidas. It's reportedly more than what he used to earn when he played for his country.
