Hennes & Mauritz AB Unsponsored ADR (HNNMY)
H&M speeds up shift to regional supply chains amid tariff threat
Swedish fast-fashion retailer H&M is working to buy more of its clothes and accessories from suppliers closer to its key markets in Europe and the U.S., its finance chief told Reuters on Thursday, in part to prepare for potential U.S. import tariffs.
H&M slides as fashion giant's sales underwhelm
H&M shares dropped almost 5% on Thursday following underwhelming fourth-quarter figures. Though sales increased 3% in local currencies to 62.19 billion Swedish krona (£4.53 billion), analysts had expected an increase to 63.48 billion.
Fashion giant H&M beats full-year profit estimates as fourth-quarter sales miss
H&M on Thursday reported a slightly better-than-expected uptick in operating profit, although sales missed forecasts in the fourth quarter.
H&M reports weaker than expected fourth-quarter sales
Swedish fast-fashion retailer H&M reported weaker than expected sales for its fourth quarter ending Nov 30, but said sales were up 4% in December and January, indicating a better start to the new fiscal year.
H&M needs stellar quarter to close gap with rival Zara
Scandi high-street fashion cornerstone H&M has played second fiddle to rival Zara's parent company Inditex in 2024, but could the tide be turning in the fourth quarter? H&M's third quarter was a particularly tough one, with City analysts expressing concern over the Stockholm-listed chain's weak top-line growth and squeezed profit margins.
Spain's top fashion retailers to launch trial to collect clothes waste in 2025
Spain's largest fashion companies will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026.
H&M to phase out virgin down by the end of 2025
Swedish clothing retailer H&M said on Friday it plans to phase out its use of virgin down and feathers - materials that are harvested from ducks and geese and used in puffer jackets, pillows and other items.
Hennes & Mauritz Valuation Is Now At A Crossroad
My recommendation for Hennes & Mauritz is a hold rating due to the uncertain sustainability of recent growth, despite encouraging September sales data. HNNMY's 3Q24 results showed flattish growth, with EBIT missing estimates and EPS falling 29%, raising concerns about future performance. The new strategy's impact remains unclear; September's 11% growth might be driven by pent-up demand and easing inflation, not structural changes.
H&M shifts its sales bets for this holiday season
Swedish fashion retailer H&M is banking on lower prices and a wider range of trendy clothing compared to basics to drive sales among cautious consumers in the crucial shopping months leading up to the end of the year.
H&M results receive frosty reception from market
Swedish high-street fashion giant H&M's third-quarter financial results received a frosty reception from City analysts today. Company revenue fell slightly in the nine-month period- to 172.29 billion Swedish krona (£12.7 billion) from 173.39 krona in the same period last year.
H&M shares tumble 7% on profit miss and scrapped margin target
Shares of H&M tumbled 7% on Thursday after the world's second-largest listed fashion retailer posted a miss on operating profit.
H&M abandons 2024 earnings margin target, Q3 profit lags
H&M , the world's second-largest listed fashion retailer, said on Thursday it no longer expected to reach its full-year earnings margin goal, while reporting a lower-than-expected operating profit for the June-August period.
