Hennes & Mauritz AB Unsponsored ADR (HNNMY)
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.
H&M: Keeping The Faith Into Earnings
H&M has lagged this year. But there remain silver linings for the top-line. And potentially for margins as well.
Fast fashion giants H&M and Inditex invest in sustainable lab-grown cotton with Galy
Boston-based startup Galy, founded in 2019, is making waves in the textile industry with its innovative lab-grown cotton. Using a proprietary process that significantly reduces water, land, and fertiliser use, Galy offers a sustainable alternative to traditional cotton farming.
H&M to close digital outlet Afound
H&M will close down digital fashion outlet Afound later this year due to weak demand, the Swedish group said in a statement on Wednesday.
Zara versus H&M: Which offers the best European retail fashion exposure?
Investors seeking exposure to the European fashion retail sector would be wise to consider Zara's Spanish owner Inditex over Swedish rival H&M, reckon Citi analysts. In initiation coverage on the pair, Citi highlighted Inditex's markdown strategy and pricing architecture as key to its investment thesis.
H&M shares drop 13% after CEO casts doubt on June sales, margin target
The retailer cast doubt on its ability to reach its full-year margin target and predicted lackluster June sales.
