Jamie Merriman

7 results

The unusually warm weather in August and September this year hit demand for fashion in many of H&M’s key markets, including Germany, its biggest. Photograph: iStock
H&M profit scorched by unusually warm summer

Budget fashion retailer H&M was upbeat about prospects for profitability next year but a fall in third-quarter earnings and weak September sales s(...)

H&M reported fourth-quarter earnings that missed analysts’ estimates. Photo: Bloomberg
H&M fourth-quarter earnings miss analysts’ estimates

Hennes and Mauritz reported fourth-quarter earnings that missed analysts’ estimates as a stronger dollar raised garment costs and the Swedish clothin(...)

Home Retail has confirmed the group is to sell Homebase to Wesfarmers
Home Retail confirms Homebase sale to Wesfarmers

Australia’s home-improvement leader is coming Europe after Wesfarmers agreed to buy Home Retail Group’s Homebase chain for £340 million. Bunnings, w(...)

H&M said markdowns in the quarter in relation to sales increased by 0.3 percentage points compared to a year ago
Retailer H&M feels the pinch as strong dollar boosts costs

Hennes & Mauritz, the world’s second-biggest fashion retailer, warned on Thursday of a “very negative” impact from higher purchasing costs for th(...)

In the first quarter Kingfisher put agreements in place with two national retailers to take over its lease agreements on 14 B&Q stores over the next two years. Photograph: Paul Faith/PA Wire
Kingfisher meets profit estimates as B&Q closures begin

Kingfisher, Europe’s largest home improvement retailer, met analysts’ expectations for first-quarter earnings and reached agreements to complete almos(...)

H&M has moved into Zara-owner Inditex’s ‘fast fashion’ space by offering a bigger turnover of styles. Photograph: Susana Vera/Reuters
Inditex has edge over H&M as online battle grows

The families behind Zara-owner Inditex and H&M will need to fend off fast-moving competitors if they are to replicate online the winning formulae(...)

Next forecast that full-year brand sales may increase by as much as 3.75 per cent, having previously anticipated an increase of as much as 3.5 per cent.
Next raises full-year profit forecast after Q3 sales growth exceeds expectations

Clothing retailer Next raised its full-year profit forecast today after third-quarter sales growth exceeded analysts’ estimates, sending the shares to(...)