Fashion retailer H&M's profits tumble as costs bite

Fashion Retailer H&M's Profits Tumble as Costs Bite

STOCKHOLM—Fashion retailer H&M’s profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company held back from passing on in full to cash-strapped customers. The world’s second-biggest fashion chain, which raised some prices, will continue with this pricing strategy even though it will not fully compensate for the higher costs, such as for energy, transport, and raw materials. Chief Executive Helena H…

Fashion retailer H&M's profit tumbles as costs bite

STOCKHOLM :Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7 per cent in early trade. Operating profit in the period, the world's second-biggest

Fashion retailer H&M’s profit tumbles more than expected as costs bite

World’s second-biggest fashion retailer announced last year it was exiting Russia due to the country’s invasion of Ukraine

Fashion retailer H&M's profits tumble as costs bite

Fashion retailer H&M's profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company held back from passing on in full to cash-strapped customers.

H&M's operating profit tumbles more than expected

Sweden's H&M has today reported a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.

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 and weakening consumer confidence. Operating profit in the period, the Swedish group's fiscal fourth quarter, was 821 million Swedish crowns ($79.7 million)against 6.26 billion a year earlier and a mean forecast of 3.67 billion in a Refinitiv poll of analysts. …