H & M Hennes & Mauritz AB (HMb.ST)
Thu, Aug 9 2018
A federal judge in California has certified a class of nearly 11,000 current and former employees of H&M Hennes & Mauritz LP who say the clothing retailer should have paid them for time spent waiting for managers to conduct security checks at the end of their shifts.
STOCKHOLM, July 11 ** H&M main owner and Chairman Stefan Persson buys additional 3.4 million shares in the retailer ** Swedish Financial Supervisory Authority records show Persson bought shares over July 6-10 period ** Persson has been gradually edging up his H&M stake over past several months ** Persson and his family owned just over 743 million shares in H&M as per May 31, equal to 44.9 percent of capital and 73.2 percent of votes in the company, according to information on H&M's w
STOCKHOLM H&M plans to cut prices further as supply problems hamper the Swedish company's ability to respond to fast-changing fashion demand, swelling its stockpiles of unsold clothing. | Video
STOCKHOLM, June 28 H&M plans to cut prices further as supply problems hamper the Swedish company's ability to respond to fast-changing fashion demand, swelling its stockpiles of unsold clothing.
* Under pressure from budget brands and online rivals (Adds bullet points, comment)
STOCKHOLM, June 28 Swedish fashion retailer H&M reported a slightly bigger fall than expected in fiscal second-quarter pretax profit on Thursday and flagged higher markdown levels in the third quarter after inventories grew again.
STOCKHOLM Sweden's H&M reported no sales growth for a full six months on Friday, as the world's second-largest fashion retailer struggles to get customers through its doors and loses further ground to rival Inditex.
* Flat Q2 local currency sales lag 0.5 pct rise seen by analysts
* Flat Q2 local currency sales lag 0.5 pct expected by analysts
STOCKHOLM, June 15 Sweden's H&M, the world's second-biggest fashion retailer, reported on Friday slightly lower local-currency sales growth than expected for its fiscal second quarter.