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...and carpets....
...The new chief executive said his leadership style was to set a “clear and compelling direction”, then “be daring to make some bold decisions and choices” as well as be “inclusive and empowering”....
...Analysts believe H&M faltered in the 2010s by focusing on sales growth — mostly through opening new stores — and neglecting profitability....
...And China is definitely an important market for us....
...Daniel is a competent, experienced and respected leader and has the qualities needed to continue to develop the H&M group,” said Karl-Johan Persson, H&M’s chair and a former chief executive....
...and its own policies....
...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.)...
...and chief executive Julian Dunkerton....
...Swedish retail chain Hennes & Mauritz needs to find a way to follow suit and clear out its own festive clutter....
...H&M closed 185 stores, out of a worldwide count of 4,700 outlets, and stopped sales in Russia, Belarus and Ukraine after the war broke out....
...“We see more and more people wanting to do both [online and stores].”...
...such as tech and the supply chain.”...
...Both due to production from suppliers and also transport and congestion at ports,” chief executive Helena Helmersson told the Financial Times....
...Since Isaac Mizrahi’s fashion collection for Target in 2003 and Karl Lagerfeld’s for Hennes & Mauritz in 2004, the playbook has become familiar....
...Helmersson said that H&M was aiming to continue its progress to becoming “faster and more flexible” by investing more in technology, artificial intelligence and its supply chain....
...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...
...Proceeds from the garment industry for the most part do not directly benefit the country’s military, unlike industries such as gemstones, timber, and oil and gas....
...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....
...Beijing and western governments....
...But catering to different segments matters less when board directors, bankers and students are all wearing hoodies....
...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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