"H&M CEO Resigns, Shares Plummet Amid Sales Decline and Surprise Leadership Change"

H&M's CEO Helena Helmersson has stepped down after the company reported a 4% drop in sales for December and January, leading to a 10% decline in shares. Daniel Ervér, a long-time company veteran, has taken over as CEO. The retailer has struggled to compete with rivals like Inditex and Shein, and its fourth-quarter operating profit fell below expectations. The new CEO aims to maintain the company's 10% operating margin goal despite the challenging market conditions.