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H&M abandons 2024 margin target as costs hurt profit
H&M scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting shares in the world's second-biggest listed fashion retailer.
H&M to Miss Margin Target as Higher Costs Hurt Earnings
H&M won’t hit a key profitability target this year but said sales momentum picked up through July and August before accelerating further in September.
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 warns on profit target amid higher costs and intense competition
H&M has struggled for more than a decade with weak profitability after being outpaced by Spain’s Inditex, the world’s largest fashion retailer and owner of the Zara brand. In recent years the Swedish company has come under intense pressure from lower-cost rivals such as Shein and Temu.
H&M ditches 2024 margin target as costs, competition hurt profit
Swedish retailer H&M scrapped on Thursday its margin target for 2024 as higher discounting, costs and fierce competition in the market hurt its
H&M ditches profit target on higher costs and intense competition
H&M has struggled for more than a decade with weak profitability after being outpaced by Spain’s Inditex, the world’s largest fashion retailer and owner of the Zara brand. In recent years the Swedish company has come under intense pressure from lower-cost rivals such as Shein and Temu.
H&M Shares Tumble After Missing Profit Forecast, Dropping 2024 Margin Target. CEO Daniel Ervér Faces Pressure in First Year as Chief Exec
Shares of Swedish clothing retailer H&M plunged nearly 8% Thursday after the company reported a miss on operating profit for its fiscal third quarter and dropped its 2024 earnings margin target. CEO Daniel Ervér,
H&M slashes margin target for 2024 amid rising cost
Hennes & Mauritz (OTCPK:HNNMY) expects a lower margin target for 2024 due to a combination of factors that have adversely affected its profitability. The company reported lower-than-expected operating profits for the June-August period,
1d
H&M bets on lower prices, trendy clothing to boost holiday sales
Swedish fashion retailer H&M is banking on lower prices and a wider range of trendy clothing compared to basics to drive ...
2d
H&M Expanding Its E-Commerce Presence in China to Cement Share
Hennes & Mauritz AB is expanding its online marketplace presence in China, planning storefronts on e-commerce platforms ...
1d
5 things: International fashion retailer H&M opens in Arden Fair
H&M sells apparel and accessories for men, women and children. It also offers home decor and beauty products. The retailer's ...
2d
H&M Stock Down On Weak Q3 Results; Sept. Sales To Rise, To Buy Back SEK 1 Bln Shares
Shares of Hennes & Mauritz AB or H&M Group (HNNMY.PK, HMRZF.PK, HEN.L) were losing around 6 percent in the early morning trading in ...
Bloomberg L.P.
2d
H&M Says It Will Miss Profit Target After Cold June Weather
Hennes & Mauritz AB shares dropped after the Swedish clothing retailer said it’s unlikely to hit a key profit target this ...
kristv
13h
Moody outlasts H.M. King 49-47 in Game Night South Texas
Game Night South Texas featured a barn burner, as the Moody Trojans (4-1) defeated the H-M King Brahmas (4-1) 49-47 at ...
2d
H&M blames missed profit targets on a gloomy summer and growing competition from rival Shein
H&M has been recruiting celebrities popular with Gen Z such as Charli XCX and Lila Moss in a bid to target a demographic it’s ...
KRIS Corpus Christi, TX on MSN
2d
H.M King's new tardy policy causing a timely debate
U.S. AID and the State Department's refugees bureau determined Israel deliberately blocked humanitarian aid to Gaza. CC BY ...
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