H&M shares slump after Q4 profit margin misses estimates
By Scott Kanowsky Investing.com -- Shares in H & M Hennes & Mauritz AB B (ST:HMb) dipped to their biggest intraday decline since May after the Swedish retailer posted...
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European stocks edge higher ahead of fresh U.S. inflation data
By Scott Kanowsky Investing.com -- European equities rallied on Friday, as investors looked ahead to fresh U.S. inflation numbers following the release of stronger-than-anticipated growth...
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Dow Jones Newswires: Hennes & Mauritz swings to loss as higher costs, loss of Russian business weighs
The fashion retailer posted a net loss of 864 million Swedish kronor ($84.1 million) for the quarter ended Nov. 30, well short of forecasts.
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H&M Profit Battered by Rising Costs, Russia Exit
The fast-fashion giant reported a 68% decline in annual profit after economic and geopolitical challenges hampered its efforts to rebound from the Covid-19 pandemic.
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European shares muted ahead of cenbank meetings; LVMH, H&M slide
(Reuters) – European shares were muted on Friday as investors refrained from placing aggressive bets ahead of a slew of central bank meetings next week, while luxury goods makers slid...
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Fashion retailer H&M’s Sept-Nov operating profit tumbles more than expected
STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, reported on Friday a much larger dive than expected in September-November operating profit, slammed by soaring costs...
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H&M removes Justin Bieber merchandise following criticism from pop star
H&M will no longer sell a line of Justin Bieber merchandise after the musician told fans he didn't "approve" of the clothing bearing his name and likeness.
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H&M Pulls Justin Bieber Merchandise After Pop Star Urged Fans Not to Buy It
The singer said he didn’t approve the line of clothes and accessories.
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H&M agrees to pay a 500 euro bonus to 4,000 workers in January
MADRID (Reuters) – Swedish fashion retailer H&M agreed to pay a 500 euro ($530) bonus to some 4,000 shop workers in Spain in January, two unions said on Wednesday, after its arch-rival...
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H&M decides it's not too late to say sorry and axes Bieber merch collection
H&M confirmed the items had been removed but disputed Bieber’s statements that the merchandise had been produced and sold without his consent.
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H&M pulls Justin Bieber merchandise from stores after singer calls it ‘trash’
H&M is no stranger to scandals.
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Justin Bieber slams H&M “trash” merchandise featuring his image
COPENHAGEN (Reuters) – Pop singer Justin Bieber lashed out at H&M over clothes featuring the Canadian artist’s image and lyrics, saying the Swedish fashion giant had not obtained his...
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European stocks weaken; ECB, BoE loom after hawkish Fed message
By Peter Nurse Investing.com - European stock markets weakened Thursday, as investors fretted about future growth given a hawkish message from the U.S. Federal Reserve and ahead of more...
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H&M posts Q4 sales beat amid Russia, Belarus exit
By Scott Kanowsky Investing.com -- H&M Hennes & Mauritz AB (ST:HMb) sales beat forecasts in the fourth quarter, but were unchanged when gauged in local currencies, as the Swedish...
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Fashion retailer H&M’s Sept-Nov sales beat forecast
COPENHAGEN (Reuters) – H&M, the world’s second-biggest fashion retailer, reported on Thursday a 10% increase year-on-year in September-November net sales, slightly exceeding market...
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European stocks higher; Eurozone CPI data looms large
By Peter Nurse Investing.com - European stock markets traded higher ahead of key Eurozone inflation data, but sentiment remains fragile amid uncertainty over China’s COVID policies. At...
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H & M B Earnings, Revenue miss In Q3
Investing.com - H & M B reported on Thursday third quarter {{erl-33640||earnings that missed analysts' forecasts and revenue that fell short of expectations. H & M B announced...
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H&M Shares Slide as Retailer Unveils Cost Cutting Plan to Counter Market Headwinds
By Scott Kanowsky Investing.com -- Shares in H & M Hennes & Mauritz AB B (ST:HMb) dipped in early trading on Thursday after the Swedish fast fashion brand unveiled a major new cost...
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European Stocks Sharply Lower; German State Inflation Weighs
By Peter Nurse Investing.com - European stock markets weakened Thursday as surging German inflation increased concerns of more aggressive monetary policy tightening, while the boost from the...
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H&M Falls as Q3 Sales Miss Expectations Despite Gradual Improvement
By Geoffrey Smith Investing.com -- Hennes & Mauritz (ST:HMb) shares fell in Stockholm in early trading on Thursday after the fast-fashion retailer reported another weak summer of sales. The...
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European Stocks Edge Higher; H&M Quarterly Sales Disappoint
By Peter Nurse Investing.com - European stock markets edged higher Thursday, stabilizing after losses earlier in the week, but sentiment remains fragile as investors fret about the impact of...
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European Retailers to Miss Earnings Estimates in 2023, 2024 - Berenberg
By Scott Kanowsky Investing.com -- European retail companies are expected to post earnings well below estimates over the next two years, according to analysis from Berenberg. In a note, the...
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European Stock Futures Largely Flat; BHP Group Reports Bumper Profits
By Peter Nurse Investing.com - European stock markets are struggling for direction Tuesday, with concerns about slowing global growth competing with strong BHP Group earnings ahead of the...
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European Stocks Higher; ECB Meeting, Nord Stream Pipeline in Focus
By Peter Nurse Investing.com - European stock markets traded higher Monday, helped by a bounce on Wall Street, but investors will be on edge this week ahead of the expected resumption of an...
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European Stocks Lower; German State Inflation Data Fails to Cheer
By Peter Nurse Investing.com - European stock markets weakened Wednesday on concerns about a potential economic slowdown on the back of soaring inflation ahead of a meeting of major central...
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H&M Shares Rise After Q2 Profit Beat
By Scott Kanowsky Investing.com -- Shares in H&M (ST:HMb) rose in early trading on Wednesday, after the fast-fashion giant reported a 33% year-on-year jump in second quarter pre-tax...
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European Stock Futures Lower; Central Bankers in Spotlight
By Peter Nurse Investing.com - European stock markets are expected to open lower Wednesday as investors fret about the global economic outlook ahead of news from the European Central Bank’s...
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European Stocks Higher; Unscheduled ECB Meeting Boosts Sentiment
By Peter Nurse Investing.com - European stock markets traded higher Wednesday, boosted by the announcement of an unscheduled European Central Bank get together ahead of a Federal Reserve...
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H&M: Q2 Net Sales Rise 12% Y/Y
By Scott Kanowsky Investing.com -- H & M Hennes & Mauritz AB B (ST:HMb) has said it expects to post a better-than-expected increase in second quarter net sales. The Swedish company said...
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H&M Slumps as Russia, China Hurt Q1 Profits, Slow Start to Q2
By Dhirendra Tripathi Investing.com – H & M (ST:HMb) stock plunged 10% in Stockholm trading Thursday after the fashion retailer reported earnings that were way off expectations...
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Shares of Luxury Goods Makers Slip on Russia Export Ban
By Dhirendra Tripathi Investing.com – Stocks of European retailers such as LVMH (PA:LVMH), Kering (PA:PRTP), H&M (ST:HMb), Moncler (MI:MONC) and Hermès (PA:HRMS) were all down around 4%...
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Capri Soars as Buyers Are Shopping Luxury with a Vengeance
By Dhirendra Tripathi Investing.com – Capri Holdings stock (NYSE:CPRI) surged 9% Wednesday after the retailer raised its annual forecast, banking on consumer appetite for luxury shopping...
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European Stocks Lower; H&M Soars on Strong Quarterly Sales
By Peter Nurse Investing.com - European stock markets weakened Friday, with the recent hawkish turn by the Federal Reserve as well as concerns over Russia’s intentions for Ukraine weighing...
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H&M Falls After Quarterly Sales Numbers Disappoint
By Catherine Reynolds Investing.com -- H&M (ST:HMb) stock fell 2.9% on Wednesday as the market gave a cool reaction to the Swedish fast fashion giant's sales figures for the three months...
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