Karl-Johan Persson (right), current CEO of Swedish clothing retail giant Hennes and Mauritz (H&M), and the company’s designated CEO Helena Helmersson. Photograph:  Jonas Ekstromer/TT News Agency/AFP via Getty Images

Hennes and Mauritz AB said its 72-year-old chairman, Stefan Persson, is stepping down as the billionaire patriarch of the fashion retailer hands over (...)

Earthbound – for now – Richard Branson rings the bell on the floor of the New York Stock Exchange. Photograph: Brendan McDermid/Reuters

Image of the week: Galactic ambition With the stock ticker SPCE, Richard Branson’s Virgin Galactic Holdings launched this week, not into space, but o(...)

H&M estimates that about 70 per cent of a garment’s impact on the climate happens during the manufacturing process

The chief executive of fashion giant Hennes and Mauritz (H&M) says a growing movement that shames consumers represents a very real social threat. (...)

H&M managed to boost sales in the key US market by 19%  as it slashed prices. Photograph: Demetrius Freeman/Bloomberg

H&M’s quarterly earnings rose for the first time in more than two years as a well received summer collection helped the Swedish retailer boost pro(...)

The retailer’s pretax profit fell for the seventh straight quarter in December-February.

Swedish fashion retailer H&M reported a smaller-than-expected fall in first-quarter pretax profit on Friday as it sold more products at full price(...)

H&M chief executive Karl-Johan Persson: ‘We are in a better position now than we were last year.’ Photograph: Anna Ringstrom/Reuters

H&M shares jumped as the embattled retailer’s chief executive expressed optimism that he’s coming to grips with record apparel backlogs that have (...)

H&M refused to confirm its full-year guidance of a “somewhat better result”. Photograph: Reuters

Trouble shifting stock sent profits at fast-fashion chain H&M down by a third in the first six months of its financial year, the Swedish retailer (...)

H&M’s operating profit fell 62 per cent in the three months through February. Photograph: Maxim Shemetov/Reuters

H&M reported its lowest first-quarter profit in 16 years as the Swedish fashion retailer accumulated a record pile of unsold garments worth more t(...)

 Swedish clothing company H&M (Hennes and Mauritz) has add a new format selling marked-down merchandise.   Photograph: Focke Strangmann/EPA
H&M to close 170 stores this year

The number of store closures by Hennes and Mauritz AB will surge to the highest level in at least two decades this year as the Swedish fashion giant t(...)

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(...)

  • 1
  • 2
  • Next
  • Last »