All articles tagged with #handm
Originally Published 6 months ago — by Daily Mail
MTV star B. Simone was mocked after tearfully revealing she can no longer afford Bloomingdale's due to investing in her app, leading to criticism and reminders of her past statements about not dating 9-to-5 workers.
Originally Published 1 year ago — by PEOPLE
Christina Aguilera celebrated the reopening of H&M's Times Square flagship store by embracing the no-pants trend with gold micro shorts and thigh-high boots. She attended the event with her daughter, Summer Rain, showcasing festive fashion from H&M's Studio Holiday capsule. Aguilera's appearance follows her recent performance with Sabrina Carpenter in Los Angeles, marking a busy period for the pop star who also shared family vacation photos on social media.
Originally Published 1 year ago — by Rolling Stone
Charli XCX surprised fans with a live performance in Times Square, New York, following her recent appearance on Saturday Night Live. The pop star performed tracks from her album 'Brat,' including "360," "365," and "Apple," in collaboration with H&M, who announced the event just 30 minutes prior. The performance featured visuals from her music videos and highlighted her recent Grammy-nominated work.
Originally Published 1 year ago — by CNBC
The stock market cooled off from record highs, with the S&P 500, Nasdaq, and Dow Jones trading lower; a major Baltimore bridge collapsed after being hit by a ship, leading to presumed deaths and logistical disruptions; H&M's shares surged after the retailer beat profit expectations in its fiscal first quarter; Canada Goose announced layoffs of about 17% of its corporate workforce due to consumer spending pullback; Amazon is launching same-day delivery of prescription medications in New York City and the greater Los Angeles area, with plans to expand to more cities by the end of 2024.
Originally Published 1 year ago — by CNBC
H&M's shares surged 14% after the Swedish retailer exceeded profit expectations for its fiscal first quarter, with operating profit reaching 2.08 billion Swedish krona, beating forecasts. Despite a year-on-year decline in net sales, the company's operating margin rose to 3.9%, signaling progress in its focus on profitability. H&M's CEO highlighted improved gross margin, lower inventory, and strong cash flow, while also proposing a dividend and seeking authorization for a share buyback. The company continues to address competition and inventory challenges, aiming to sustain its positive momentum.
Originally Published 1 year ago — by Fox Business
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 12% decrease in shares. Daniel Ervér, a long-time company veteran, has taken over as CEO, aiming to achieve a 10% operating margin this year. The fashion retailer has struggled to keep up with competitors like Inditex and Shein, and its fourth-quarter operating profit margin fell to 7.2%. Despite the disappointing results, H&M's chairman Karl-Johan Persson remains optimistic about the company's potential for improvement.
Originally Published 1 year ago — by BBC.com
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.
Originally Published 1 year ago — by New York Post
H&M's CEO unexpectedly quit after the company reported a 4% drop in sales for December and January, causing shares to plummet by 8%. The retailer has struggled to compete with fast fashion giants like Zara and Shein, and its fourth-quarter operating profit margin fell to 7.2% from 7.8%. The new CEO, Daniel Ervér, aims to focus on profitability and reach a 10% operating margin this year, but analysts are skeptical about the company's ability to meet this target.
Originally Published 1 year ago — by Reuters
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.
Originally Published 1 year ago — by CNBC
H&M shares dropped nearly 10% following weaker sales and the unexpected departure of its CEO, Helena Helmersson, who will be replaced by Daniel Ervér. The company reported a 1% decrease in sales for the full financial year and a 4% drop year-on-year in December 2023 and January 2024. Despite a doubling of operating profit for the full year, H&M's fourth-quarter operating profit margin fell below market expectations. The retailer's struggles to maintain sales growth amid increasing competition have led to concerns about the weak consumer environment and higher capital expenditure expectations, impacting its stock prices.
Originally Published 1 year ago — by Yahoo Life
H&M faces backlash for an in-store ad promoting false urgency, with critics calling it "messed up and creepy," highlighting the brand's history of unsustainable practices and greenwashing. The fast-fashion retailer has been criticized for contributing to pollution and waste, with calls for more sustainable shopping habits such as thrifting to reduce environmental impact.
Originally Published 2 years ago — by Al Jazeera English
H&M pulls an ad for school clothing in Australia after facing backlash for allegedly sexualizing underage girls, prompting an apology from the Swedish fashion giant. The ad featured two young girls in school uniform with the caption "Make those heads turn in H&M’s Back to School fashion," leading to criticism on social media. This incident adds to a series of controversies involving fashion brands' advertising campaigns, including Zara and Balenciaga, sparking discussions about the portrayal of children in marketing.
Originally Published 2 years ago — by BBC.com
H&M has pulled an advert for school uniforms in Australia following accusations of sexualizing young children. The campaign, featuring two primary school-aged girls under the slogan "Make those heads turn in H&M's Back to School fashion," received criticism on social media and has been withdrawn. H&M has apologized for the offense caused and stated that they will review their campaign presentations in the future. This incident has reignited concerns about the premature sexualization of young girls in advertising, with calls for retailers to commit to not selling products that exploit children's sexuality.
Originally Published 2 years ago — by CNN
H&M, the world's second largest fashion retailer, has announced that it will gradually phase out its operations in Myanmar due to increased allegations of labor abuses at garment factories in the country. The decision could impact tens of thousands of workers. The move comes after a workers' advocacy group documented 212 alleged cases affecting at least 108,000 workers between February 2021 and February 2023. Other global businesses, including Nestlé, TotalEnergies, and Chevron, have also cut ties with Myanmar.
Originally Published 2 years ago — by AOL
H&M workers in Spain are striking for higher pay and better working conditions, leading to store closures during the summer sales season. More than 4,000 employees are seeking pay rises in line with the higher cost of living and protesting increased workloads linked to layoffs during the COVID-19 pandemic. Inflation is high in Europe and around the world, forcing people to spend more on food, utility bills and other purchases. The strikes reflect a “problematic change of attitude at H&M” toward more precarious, part-time contracts in larger stores that also receive online orders.