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...H&M had backed Renewcell, another textile recycling start-up, but it went bankrupt last month. “It is not easy,” Daniel Ervér, H&M’s new chief executive, told the Financial Times....
...H&M spent last year prioritising profitability over sales growth by closing stores and raising prices....
...Shares in fast-fashion retailer H&M jumped more than 13 per cent in early trading after the company reported rising operating profits in its first quarter, signalling that it is on track to increase profitability...
...H&M has appointed Daniel Ervér as new chief executive of the group, succeeding Helena Helmersson. Ervér has been with H&M for 18 years, most recently as the head of the H&M brand....
...H&M will close more stores than it opens this year, he added....
...Robert H Wade Professor of Global Political Economy London School of EconomicsLondon WC2, UK...
...The H&M partnership is an unexpected win for the budding label, which has been entirely self-funded and remains independent....
...Donald H MalcolmCardross, Dunbartonshire, UK...
...Benjamin H Bradlow Assistant Professor of Sociology and International Affairs, Princeton UniversityPrinceton, NJ, 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....
...Bernard H Casey Social Economic Research London, UK and Frankfurt, Germany Letter in response to this letter: Why relying on robots can be a dangerous notion / From Peter Marsh, London SW11, UK...
...Martin P Levy H Blairman & Sons, London SW1, UK...
...David H SullivanBedford, Bedfordshire, UK...
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...Donald H Malcolm Cardross, Argyll and Bute, UK...
...We saw this online yesterday (h/t @quantian1): . . . “97% of the public agrees” that Basel III Endgame is “bad for working Americans”? What does that even mean?...
And bank earnings
...Todd H Baker is a senior fellow at Richman Center for Business, Law and Public Policy at Columbia Business School and Columbia Law School Loan accounting in a bank should be straightforward, delivering...
...Fast-fashion retailer H&M reported a decline in operating profit in the second quarter, after it was hit by high costs, a strong US dollar and the winding down of its Russian operations....
...Bernard H Casey London TW1, UK...
...That has certainly been the case for retailing behemoth H&M, which discloses third-quarter figures on Wednesday....
...Clothes retail is a theme this week among the earnings reports with heavyweights H&M and Inditex. Will the late summer sun raise a smile or have these high street bellwethers got burnt?...
...The Federal Reserve’s weekly H.4.1 shows usage of the US central bank’s liquidity facilities, while the H.8 release details the assets and liabilities of US commercial banks....
Comments from Federal Reserve chair came after global markets rocked by shifting interest rate expectations
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