Hennes & Mauritz (H&M) Stock News

Dublin, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: H & M Hennes & Mauritz AB - 2024" report has been added to ResearchAndMarkets.com's offering. H & M Hennes & Mauritz AB (H&M), a subsidiary of Ramsbury Invest AB, is a retailer of fashion apparel and accessories. The company's product portfolio includes shorts, cardigans, sweaters, blazer suits, t-shirts, sweatshir...

H&M cannot win on price alone and must make its clothes more trendy and of higher-quality in the fiercely competitive fast-fashion sector, its CEO Daniel Erver told Reuters.

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 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.

H&M on Thursday reported a slightly better-than-expected uptick in operating profit, although sales missed forecasts in the fourth quarter.

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.

Der schwedische Textilhändler H&M SE0000106270 hat einmal mehr mit einer schwachen Umsatzentwicklung enttäuscht.

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