U.S. President Donald Trump's actions to raise import tariffs will drive prices up for American consumers, the CEO of fast-fashion retailer H&M said on Thursday, as the company shifts its supply chain to adapt to new trade barriers.
H&M reported first quarter earnings that came in below expectations, with analysts saying it was another disappointing update from the high street clothing chain. The shares fell 5% in early trading but by mid-morning were up 2%, having already fallen over 20% over the past six months.
Swedish fast-fashion retailer H&M reported weaker than expected sales for its first quarter on Thursday and said sales were up 1% so far in March, in a sign of a slow start to its spring and summer season.
Das Analysehaus Jefferies hat die Einstufung für H&M SE0000106270 nach Zahlen zum ersten Geschäftsquartal auf "Hold" mit einem Kursziel von 149 schwedischen Kronen belassen.
Der Modehändler H&M SE0000106270 ist schwächer in das neue Geschäftsjahr gestartet als vom Unternehmen vorgesehen.
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