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From Search Engines to Answer Engines
We also talk about the Supermicro drama.
Shein IPO: What Investors Should Know About the Fast-Fashion Star
The Chinese fast-fashion retailer just filed to go public. It could be the biggest IPO of 2024.
A humorous look at the companies that caught our eye, for better or worse, this week
Abercrombie & Fitch Stock: Buy, Sell, or Hold?
The apparel retailer seems to have turned a corner.
Low-cost fashion brand H&M sees full-year sales up by 6%
STOCKHOLM (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB said Friday that its net sales in local currencies have increased by 8% in the fourth quarter of 2021 to 56 billion kronor ($6 billion) back at pre-pandemic level with the full year net sales increasing by 6% to 199 billion kronor ($21 billion).
Low-cost fashion chain H&M sees sales pick up after virus
STOCKHOLM (AP) — Low-cost fashion brand Hennes & Mauritz AB said Thursday its in-store sales rose 14% to 55.6 million kronor ($6.3 million) in the third quarter, up from 50.9 million kronor a year ago, as store sales have started to recover after the pandemic with restrictions being eased in many markets. Online sales increased even more, up 22%.
H&M says profit up by $1.2 billion as world opens up again
STOCKHOLM (AP) — Low-cost fashion brand Hennes & Mauritz AB said Thursday its profit for the second quarter soared by 10 billion kronor ($1.2 billion) to 3.6 billion kronor ($422 million) as many of its stores opened worldwide.
H&M says sales up 75% as more people get vaccinated
STOCKHOLM (AP) — Low-cost fashion brand Hennes & Mauritz AB said Tuesday sales had increased 75% in Q2 and early June, affecting both online purchases and physical stores, adding that 1,300 stores were temporarily closed at the start of the period due to the pandemic.
H&M swings to loss, affirms commitment to China market
STOCKHOLM (AP) — Low-cost fashion brand Hennes & Mauritz AB on Wednesday reported an expected loss in the first quarter. Meanwhile, the pandemic-hit Swedish company said it was committed to remaining in the Chinese market despite facing a boycott there because of its views of alleged use of forced labor to produce cotton in the country’s western region of Xinjiang.
H&M sales drop a fifth during winter but improve in March
STOCKHOLM (AP) — Low-cost fashion brand Hennes & Mauritz AB said Monday its sales dropped 21% during the December through February period as an increase in online business could not make up for the temporary closure of 1,800 stores due to the pandemic.