HM
Swedish fashion retailer H&M has had a weak start to the third fiscal quarter, with sales in June expected to be 6% below the previous year's level in local currencies, the company announced on Thursday in Stockholm. Bad weather at the beginning of the month in many of H&M's large markets had particularly impacted business, the company said. Additionally, the sales figures in June 2023 had been comparatively high. Nevertheless, new H&M chief executive Daniel Ervér is sticking to his annual target, aiming for an operating margin of 10% in 2024. "However, the conditions for achieving that level ...
DPA International
Swedish fashion retailer H&M has had a weak start to the third fiscal quarter, with sales in June expected to be 6% below the previous year's level in local currencies, the company announced on Thursday in Stockholm. Bad weather at the beginning of the month in many of H&M's large markets had particularly impacted business, the company said. Additionally, the sales figures in June 2023 had been comparatively high. Nevertheless, new H&M chief executive Daniel Ervér is sticking to his annual target, aiming for an operating margin of 10% in 2024. "However, the conditions for achieving that level ...
DPA
Swedish fashion retailer H&M has had a weak start to the third fiscal quarter, with sales in June expected to be 6% below the previous year's level in local currencies, the company announced on Thursday in Stockholm. Bad weather at the beginning of the month in many of H&M's large markets had particularly impacted business, the company said. Additionally, the sales figures in June 2023 had been comparatively high. Nevertheless, new H&M chief executive Daniel Ervér is sticking to his annual target, aiming for an operating margin of 10% in 2024. "However, the conditions for achieving that level ...
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Cotton clothes, towels and bed sheets from H&M and Zara are “stained” by illegal deforestation and human rights abuses, according to a new investigation. UK-based investigative NGO Earthsight has traced 800,000 tonnes of cotton from the giant Western retailers to Brazilian estates where land grabbing, violence and corruption are rife. This cotton is exported to several manufacturers in Asia, which together made nearly 250 million items of clothing and homeware in a year for global stores of H&M, Zara and its sister brands. “These firms talk about good practice, social responsibility and certif...
Euronews (English)
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