H&M First-Quarter Profit Falls More Than Analysts Anticipated

Beyonce for H&M | Photo: Inez van Lamsweerde and Vinoodh Matadin

STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported first-quarter profit that fell more than analysts anticipated as the company invested in expansion and sales fell short of its expectations.

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H&M February Sales Fall 3 Percent, More Than Anticipated

H&M Spring/Summer 2013 Collection | Source: H&M

STOCKHOLM, Sweden -- Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported sales that dropped more than analysts anticipated. Revenue from stores and operations open at least a year dropped 3 percent, the Stockholm-based company said today, exceeding the SME consensus of a 1.9 percent drop.

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Inditex E-Commerce Sales Soar

Zara store | Source: Courtesy

LONDON, United Kingdom — According to an estimate released this week by Credit Suisse, Inditex, the Spanish company that owns ‘fast fashion’ giant Zara, will achieve online sales of over 600 million euros in 2013, almost double that of 2012, the results of which will be announced next week.

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Galliano hearing, Pinterest’s retail problem, Bosideng in Europe, Indian retail, Teen Vogue story

John Galliano | Source: This Photo Life

John Galliano in court to challenge dismissal from Dior and label (Telegraph) “Galliano appeared at a hearing at the conseil de prud’hommes (France’s equivalent to an employment tribunal) in Paris yesterday. His lawyer claimed victory after the court ruled it was qualified to hear the 52-year-old designer’s claims against his dismissal of creative director of Christian Dior in March 2011.”

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