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...Hennes & Mauritz shares jumped on Thursday as the world’s second-biggest fashion retailer eked out a surprise profit and cut excess stock to the lowest level in years....
...Other top-performing companies included Puma, Adidas, Hennes & Mauritz and Zara-parent Inditex. (The report only scores public companies so Shein was not included.)...
Swedish retailer’s earnings also hit by cost-cutting programme
...Swedish retail chain Hennes & Mauritz needs to find a way to follow suit and clear out its own festive clutter....
World’s second-largest retailer outlines $177mn cost-cutting plan after quarterly profits plunge
Swedish retailer pushed margins up by selling more clothes at full price
Shares in clothes retailer slide after it reveals impact of Russian invasion and profits below forecasts
Sales yet to reach pre-pandemic levels as fast-fashion retailer struggles to meet demand for some products
...Since Isaac Mizrahi’s fashion collection for Target in 2003 and Karl Lagerfeld’s for Hennes & Mauritz in 2004, the playbook has become familiar....
World’s second-largest fashion retailer reports better than expected profits
...But online competition has grown — from ultra-cheap operators such as China’s Shein, established rivals such as Germany’s Zalando and global players such as Hennes & Mauritz and Inditex, which have poured...
Europe’s C&A says it is unwilling to make new purchases from garment suppliers at this stage
...Swedish fashion retailer Hennes & Mauritz fell to a loss in the three months to the end of February as the latest restrictions to limit the spread of Covid-19 forced more than a third of its stores to close...
...The Hennes & Mauritz flagship store on Stockholm’s main square is trying to break the mould....
State media and consumers attack clothing groups over statements last year on forced labour
The stalwarts of fast fashion are surviving, but are not infallible
...Sales at Hennes & Mauritz dropped by more than a quarter in its fiscal first three-month period but the Swedish purveyor of cheap chic had a better start to March....
...Mauritz....
...Hennes & Mauritz is keeping its dividend frozen after the pandemic forced the Swedish retailer to close more than a third of its stores over winter and pushed it to a quarterly operating loss....
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