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Photograph: Graham Barclay/Bloomberg News.

Hennes and Mauritz forecast that sales at its brick-and-mortar stores will return to growth next year as it tries to lure consumers back to shopping c(...)

H&M’s  main rival Inditex, the owner of Zara, has outperformed H&M and others in recent years, helped by a more flexible supply chain that allows it to adapt more quickly to demand.

Fashion chain H&M’s sales fell unexpectedly in the past three months as it attracted fewer shoppers to its stores, sending its shares plummeting (...)

A Zara store, an Inditex brand, in central Madrid, Spain, The world’s biggest clothes retailer reported a slowdown in sales growth in its third quarter as Europe’s warm autumn kept shoppers away. Photograph: Susana Vera/Reuters

Inditex, the world’s biggest clothes retailer and owner of Zara, reported a slowdown in sales growth in its third quarter as Europe’s warm autumn kept(...)

Traders in the NYSE, December 13th. Photograph: Reuters/Brendan McDermid

Stocks globally reached a record high on Wednesday ahead of a widely expected interest rate increase by the US Federal Reserve. Political jitters hi(...)

Snorkelling in Sharm el-Sheikh, Egypt, known for its clear waters but much-emptied streets. Photograph: Mohamed El-Shahed/AFP/Getty

In numbers: Pilotless aircraft $26 billion Sum that airlines could save on pilot costs by introducing pilotless aircraft, according to a study by Sw(...)

Analysts say H&M urgently needs to expand digitally. Photograph: Bloomberg

Cost-control is the new watchword at Hennes and Mauritz as the European fashion giant seeks to compensate for slowing sales growth, rising inventories(...)

Grattan statue and Abercrombie & Fitch poster on display on College Green, Dublin, prior to the opening of the company’s first store in Ireland. (Photographer: Dara Mac Dónaill)

US teen apparel retailer Abercrombie & Fitch, which has put itself up for sale, posted a smaller-than-expected drop in comparable-store sales, hel(...)

H&M’s inventory levels are up 30 per cent year-on-year and profit will be hurt should the retailer have to offer deeper discounts. Photograph: Regis Duvignau/Reuters

Hennes and Mauritz (H&M) said price cuts to clear inventory over the next three months may exceed last year’s, sending the shares tumbling to a fo(...)

H&M chief executive Karl-Johan Persson concedes that the company’s supply chain practices have remained the same while the world had changed. Photograph: Reuters

Cost controls helped H&M to limit a drop in quarterly pretax profit, but the fashion chain said it was increasing investments this year as it trie(...)

 Jeff Bezos: has a net worth of $75.6 billion, $700 million more than Warren Buffett and $1.3 billion above Amancio Ortega (founder of Inditex) and $10.4 billion less than Bill Gates

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person. Bezos (53) added $1.5 billion (€1.39 billion(...)

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