Content about Stockholm

September 27, 2012
H&M profit misses, but ramps up store openings and will debut new brand

Swedish fast-fashion retailer Hennes & Mauritz AB reported that net income for the quarter ended Aug. 31 edged up less than 1% to $550 million, missing analysts’ expectations of $618 million in profit.

Stockholm, Sweden -- Swedish fast-fashion retailer Hennes & Mauritz AB reported Thursday that net income for the quarter ended Aug. 31 edged up less than 1% to $550 million, missing analysts’ expectations of $618 million in profit. Sales rose 10% in local currency, but gross margins shrank and the retailer said it would delay the start of online operations in the U.S. until next summer to allow it more time to adapt to the market.

January 26, 2012
H&M profit drops in Q4, still on track to open 275 stores

Swedish fast-fashion retailer Hennes & Mauritz reported that net profit for the fourth quarter dipped to $997.2 million from $1.1 billion in the year earlier period.

Stockholm, Sweden -- Swedish fast-fashion retailer Hennes & Mauritz reported Thursday that net profit for the fourth quarter dipped to $997.2 million from $1.1 billion in the year earlier period. Sales in December, the first month of H&M's fiscal first quarter, were up 13% year-on-year in local currencies, against a forecast 12%. Same-store sales were up 4%.

"Most indicators suggest that the macro-economic climate in many of our markets will continue to be tough during 2012," said CEO Karl-Johan Persson.

September 29, 2011
H&M Q3 profit falls 15%, to add 265 stores

Hennes & Mauritz AB reported Thursday that profit for the third quarter fell 15% to $533 million, from nearly $621 million in the year-ago period.

Stockholm, Sweden -- Hennes & Mauritz AB reported Thursday that profit for the third quarter fell 15% to $533 million, from nearly $621 million in the year-ago period. The Swedish fashion retailer cited rising procurement costs, marketing investments and a bump-up in new-store expansion for the decrease in profit.

H&M said it will add 265 new stores, up from the 250 previously planned, and will make market debuts in Indonesia and Thailand.

June 22, 2011
H&M profit drops 18% on high costs; plans 178 new stores in second half

Hennes & Mauritz AB reported Wednesday that net income for its second quarter dropped 18% to $673 million, from $817 million in the year-ago period.

Stockholm, Sweden -- Hennes & Mauritz AB reported Wednesday that net income for its second quarter dropped 18% to $673 million, from $817 million in the year-ago period.

The Swedish fashion retailer blamed higher procurement costs and promotional offers for the lagging performance.

Sales edged up to $5.1 billion from $4.96 billion in the prior year quarter, but gross margin shrank to 61.7% from a previous 65.9%.

September 29, 2010
H&M Q3 profit rises 23%, misses Street

Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported Wednesday that net income for the...

September 9, 2008
IKEA Annual Sales Rise 7%

Sales at IKEA rose 7% in its latest financial year, a Swedish newspaper reported on...

September 25, 2007
H&M 3Q Profit Up 25%

Stockholm, Sweden, Hennes...

January 29, 2006
Swedish Retailer Eyes U.S. in a Big Way

Stockholm, Sweden, Apparel...

January 29, 2006
Swedish Retailer Eyes U.S. in a Big Way

Stockholm, Sweden, Apparel...