"H&M CEO Resigns Amid Sales Slump and Leadership Shake-Up"

H&M's chief executive, Daniel Erver, has resigned after the fashion chain reported a sales slowdown and profits below market expectations. The company is facing fierce competition from rivals like Zara and Shein, with shares dropping 10% following the announcement. H&M, which has been a staple on UK High Streets since 1976, is grappling with challenges in the fashion retail market, including online competition and a squeeze on consumer spending. The company's annual profits to November were below analysts' expectations, and it has faced criticism for issues such as sizing inconsistencies and controversial advertising.