H&M releases disappointing results for July

Fashion giant H&M has published very disappointing results for July yesterday. The Swedes sold 6% less on a like-for-like basis (not including new stores), which is even worse than the already low expectations of -5.1%. 

 

Including the 240 stores that H&M opened since July 2010, the chain managed a 3% turnover growth – also lower than analysts' expectations. The German branch, the most important market for H&M, even witnessed a status quo. The new results were the worst in 16 months for the world's second largest fashion retailer.

 

Experts fear that these negative results for one of the world's fashion powerhouses are an indication that smaller colleagues will experience even steeper turnover falls. However, the world's number one, Inditex, has managed to avoid such a scenario by heavily betting on growth markets, where demand keeps on rising – as opposed to the stagnating European markets.

Fashion giant H&M has published very disappointing results for July yesterday. The Swedes sold 6% less on a like-for-like basis (not including new stores), which is even worse than the already low expectations of -5.1%. 

 

Including the 240 stores that H&M opened since July 2010, the chain managed a 3% turnover growth – also lower than analysts' expectations. The German branch, the most important market for H&M, even witnessed a status quo. The new results were the worst in 16 months for the world's second largest fashion retailer.

 

Experts fear that these negative results for one of the world's fashion powerhouses are an indication that smaller colleagues will experience even steeper turnover falls. However, the world's number one, Inditex, has managed to avoid such a scenario by heavily betting on growth markets, where demand keeps on rising – as opposed to the stagnating European markets.

Questions or comments? Please feel free to contact the editors


Carrefour rolls out discount formula Supeco in Italy

19/07/2017

The Carrefour group just opened its first full-blown Supeco store in Italy. The soft discount formula targets both families and professional customers.

Amazon Fresh expands to Hamburg

19/07/2017

Amazon continues to expand its Amazon Fresh service across Germany after its launch several months ago. Following Berlin and Potsdam, it is now available in a large part of Hamburg.

Subway trials new formula

19/07/2017

Fast food chain Subway is trialing a new formula in several of its stores, with a visually altered design and several technological innovations.

Unilever will not get Reckitt Benckiser's food division

19/07/2017

American McCormick & Co has acquired Reckitt Benckiser’s food division for 4.2 billion dollars (3.6 billion euro), trumping Unilever to the purchase.

Unilever targets Reckitt Benckiser's food division

17/07/2017

Unilever is allegedly interested in Reckitt Benckiser’s food division, but would have to fend off American Hormel Foods. Price: about 2.5 billion euro.

TripAdvisor will home deliver meals through Deliveroo

12/07/2017

Meal delivery service Deliveroo is collaborating with TripAdvisor, integrating its service into TripAdvisor. The two companies will work together in Belgium, the Netherlands and ten other countries to facilitate orders.

Back to top