Latest news with #HennesMauritz
Bloomberg
26-06-2025
- Business
- Bloomberg
H&M Must Source More Near Main Markets to Beat Tariffs, CEO Says
Swedish fast-fashion retailer Hennes & Mauritz AB is speeding up efforts to source goods from manufacturers closer to its main markets as US tariffs and geopolitical turmoil complicate trade. 'Overall our shift is to reduce our lead times and increase our flexibility by having manufacturing options closer to primarily Europe but also Latin America and the USA,' Chief Executive Officer Daniel Erver said in an interview on Thursday. 'This strategy is even more relevant now with all the changes we've seen, and we need to increase the pace to find even more alternative suppliers.'
Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
H&M Sales Growth Comes in Shy of Expectations
STOCKHOLM—Hennes & Mauritz reported sales growth below expectations, though work on streamlining its store portfolio means it had 4% fewer stores at the end of the quarter compared with last year. The Swedish fast-fashion retailer said sales in its fiscal second quarter, which runs from March through May, edged 1% higher in local currencies, versus the 2% rise that analysts at UBS had expected.
Bloomberg
26-06-2025
- Business
- Bloomberg
H&M Profit Tops Estimates in Sign CEO Revamp Gaining Traction
By and Rafaela Lindeberg Save Hennes & Mauritz AB reported better-than-expected profit, helped by tighter cost control and strong demand for its women's fashion and sportswear ranges, a sign Chief Executive Officer Daniel Erver's turnaround strategy is finally progressing. Operating profit for the three months through May was 5.9 billion kronor ($625 million), the company said Thursday, above the 5.8 billion kronor analysts had expected.
Bloomberg
06-06-2025
- Business
- Bloomberg
H&M Billionaire Quietly Moves Retailer Toward Private Ownership
Hennes & Mauritz AB, the fast-fashion retailer that's been listed on the Swedish stock market since 1974, is steadily moving back toward private ownership. The founding family has stepped up purchases of H&M shares, spending more than 63 billion kronor ($6.6 billion) since 2016 and fueling speculation it could take the Stockholm-based company back into private hands — despite denials from family members.
