Tag: $H and M

H&M’s quarterly sales stagnate as it feels heat of competition

H&M  reported on Friday flat sales for its most recent quarter, lagging expectations as the world’s second-biggest fashion retailer struggled in the face of intense competition from Zara-owner Inditex and others.

H&M shares jump 11% as summer collection boosts profit

Fashion retailer H&M’s shares hit a 16-month high on Thursday after its second-quarter profit beat estimates as cost-cutting measures started to bear fruit and its summer collection benefited from warmer weather in Europe.