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As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay
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H&M - Q1 Gross Profit Amounted To Sek 19,057 Mln
H&M Q1 Net Sales At SEK 40.06 Bln, Above Expectations
H&M CFO sees no material writedowns in coming quarters
H & M Hennes & Mauritz AB is a Sweden-based company active in the clothing industry. It operates under such brand names, as H&M, H&M Home, COS, Monki, Weekday, Cheap Monday and & Other Stories. It is engaged in the design, manufacture and marketing of clothing items and related accessories. The Company’s product range comprises clothing, including underwear and sportswear, for men, women, children and teenagers, as well as cosmetic products, accessories, footwear and home textiles. The Company offers its products in a number of branded stores spread across over 40 markets. Additionally, the Company offers online and catalogue sales in Sweden, Norway, Denmark, Finland, the Netherlands, Germany, Austria and the United Kingdom, among others.
Maester Samuelsgatan 46A
Chairman of the Board
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Head of IT
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Chinese authorities have asked H&M to change a map on its website in the latest clash between the clothing giant and officialdom there, media reported on Friday.
H&M vowed on Wednesday to win back trust in China amid growing signs its fashion empire is suffering from a backlash after it voiced concerns last year about alleged human rights abuses in Xinjiang province.
H&M said on Wednesday its commitment to China remained strong and it was dedicated to regaining shoppers' and partners' trust following a recent backlash in the country against comments it made in 2020 on China's Xinjiang region.
Sweden's H&M swung to a loss in the December-February period that roughly matched expectations and said on Wednesday it would not propose a dividend at its upcoming annual general meeting, but possibly later in the year.
China's top ride-hailing app Didi Chuxing has dropped H&M from its listings, joining a backlash over comments made by the Swedish fashion retailer last year about labour conditions in Xinjiang province.
(This March 24 story corrects China turnover in paragraph 8)
Firms should respect market rules and correct mistakes, China's commerce ministry said on Thursday, when asked about a backlash against Swedish retailer H&M after it expressed concern over forced labour allegations in the Xinjiang region.
More foreign retail brands came under criticism from social media in China on Thursday, in the wake of Beijing's propaganda offensive against H&M over the Swedish company's previously aired concerns on Xinjiang.
Anger with retailer H&M erupted on Chinese social media on Wednesday as the Communist Youth League and state media attacked it for saying it was "deeply concerned" about reports of forced labour in the Xinjiang region.
Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in some markets, allowing hundreds of stores to reopen.
Sweden's H&M, the world's second-biggest fashion retailer, said on Monday it was shocked by the use of deadly force against protesters in Myanmar and that it had paused placing orders in the country.
A venture part-owned by Finnish forestry group Stora Enso, Sweden's H&M and IKEA said on Tuesday it was set to build a demonstration plant in Sweden for a new, more sustainable wood-based textile fibre after years of research.
More than 1,200 Indian garment workers who were fired by a H&M supplier in southern India during coronavirus lockdown last year are set to be rehired in a rare win for labour unions.
An image circulating on social media allegedly shows an H&M hoodie that says “Koolest Kid in the Klan”. This photo, however, has been digitally altered to include the Ku Klux Klan (KKK) reference.
Fashion retailer H&M said on Tuesday it would investigate reports of sexual harassment at a supplier's factory in southern India following the death of a female employee and the arrest of a male co-worker on suspicion of her murder.
Sweden's H&M, the world's second-biggest fashion retailer, is bracing for a loss in the first quarter after full-year profits plummeted due to COVID-19, sending its shares down almost 4%.
A consortium led by Singapore's state investor GIC Pte Ltd has agreed with Vietnam's largest conglomerate Vingroup to buy a stake in its medical unit, Vinmec, for over $200 million, Vingroup said on Monday.
H&M, the world's second-biggest fashion retailer, said on Tuesday that local-currency sales fell 10% in its fourth quarter, with a pronounced slowdown in the final month as the second wave of coronavirus restrictions curbed spending.
Sweden's Equality Ombudsman (DO), a government agency, said on Wednesday it had launched an investigation into fashion retailer H&M following a media report accusing H&M of racism in Swedish stores.
China's Shein may be the biggest shopping site you've never heard of.
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