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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 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 ...
7d
The Woman Curating H&M’s Vast Multiverse
Sitting in an office inside one of H&M’s many buildings in Stockholm, Johansson—wearing an oversized suit and star-shaped ...
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 ...
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 ...
9d
H&M: Keeping The Faith Into Earnings
H&M has lagged this year, but still offers potential for growth in both top-line revenue and margins. Learn more about HNNMY ...
7d
Charli XCX Rocked Brat Fall Staples In H&M's New Campaign
Charli XCX is the face of H&M's Autumn/Winter 2024 collection, which includes leather, knits, and sparkly separates.
3d
Queen Letizia of Spain Marries Classic Little Black Dress With Distressed Details in H&M for the Royal Theater’s New Season Opening in Madrid
Queen Letizia of Spain returned to her sartorial subdued elegance with her own spin on the classic little black on Monday.
kristv
15h
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 ...
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