Anna Ringstrom

Zara owner Inditex outshines H&M as sales top pre-pandemic levels

Sep 15 2021

MADRID (Reuters) -Fashion brand Zara owner Inditex has outpaced Swedish rival H&M in its efforts to bounce back from the coronavirus crisis, with second-quarter sales rising above pre-pandemic levels. | Video

H&M's sales still lag pre-pandemic levels as restrictions bite

Sep 15 2021

STOCKHOLM (Reuters) -Sales at fashion retailer H&M grew less than expected in the three months to the end of August, staying below pre-pandemic levels as restrictions kept shoppers away from stores.

H&M lags Zara-owner Inditex in race to regain lost sales

Sep 13 2021

STOCKHOLM/MADRID When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, No.1 Inditex is seen back at pre-pandemic levels as stores reopen and people long to renew their wardrobe, while H&M still has some way to go.

UPDATE 2-New boss of SAS airline: It will take years for demand to fully recover

Sep 01 2021

* Airline reports $157 million quarterly loss (Adds CEO comment)

IKEA starts selling renewable energy to households in Sweden

Aug 17 2021

STOCKHOLM IKEA, the world's biggest furniture brand, is branching out into selling renewable energy to households, starting with home market Sweden in September. | Video

IKEA's malls arm branches out into housing with new centre in China

Aug 11 2021

(This Aug 10 story was corrected to change 1.5 million from billion in last paragraph)

Builder Skanska posts profit jump but flags supply chain pressures

Jul 23 2021

STOCKHOLM (Reuters) -Sweden's Skanska on Friday reported a jump in second-quarter profit as building activity rebounds, boosting its shares despite warning of rising pressure on its supply chain.

Electrolux braces for more disruptions from global supply chain squeeze

Jul 20 2021

STOCKHOLM (Reuters) -Europe's biggest home appliances maker, Electrolux, reported earnings above pre-pandemic levels on Tuesday but saw its shares slump 9% after it warned of worsening component supply problems in coming months.

Lockmaker Assa Abloy's profits soar, but travel-related sales lag

Jul 19 2021

STOCKHOLM Sweden's Assa Abloy, the world's biggest lockmaker, beat expectations with a 71% jump in second-quarter operating profit on Monday, saying demand picked up in many of its markets even as travel-related sectors, such as hotels, still lagged.

World News