Hennes & Mauritz reports profits hike
Local Sweden Business News In English
Swedish clothing retailer Hennes & Mauritz (H&M) has reported a lift in profits for the first fiscal quarter to 5.055 billion kronor ($690 million) as the firm confirmed plans to continue its global expansion.
Source: The Local: Money
Hennes & Mauritz Fashion Retailer - H&M earnings (Hover)
H&M stock dips on profits fall
Local Sweden Business News In English
Swedish retailer Hennes & Mauritz on Thursday reported a fall in fourth quarter profits on the back of rising cotton prices and the weak euro, prompting a steep drop in the firm's stock in Stockholm trading.
Source: The Local: Money
Expansion costs hit H&M earnings
STOCKHOLM (Reuters) - Hennes & Mauritz, the world's No.2 fashion retailer, posted an unexpected drop in quarterly earnings, hit by competition in tough European markets and the cost of its expansion drive to take on bigger rival Inditex. The Swedish group does the bulk of its business in Europe, where the region's debt crisis and rising unemployment have dampened consumer spending. ...
Source: Fashion News Headlines - Yahoo! News
H&M Comparable Sales Fall In June For First Time Since March
STOCKHOLM (Reuters) - The world's second-biggest apparel retailer Hennes & Mauritz on Thursday unexpectedly posted a small decrease in July like-for-like sales, the first monthly drop since March. Sales in stores open at least a year at the Swedish budget fashion firm were down 1 percent in local currencies in July from a year earlier, against a mean forecast in a Reuters poll of analysts for a 1 percent rise. Total sales in the month - the second of H&M's fiscal third quarter - were up 9 percent in local currencies, against a forecast for a 10 percent rise. ...
Source