Swedish fast-fashion giant H&M saw its profits drop sharply in its latest financial quarter. The group has announced more store closures.

Chief Executive Daniel Erver, who took the top job last year, also warned that the retailer may have to raise prices due to President Donald Trump’s tariffs. H&M's largest suppliers are in ...

CEO Daniel Erver remains hopeful, emphasizing future reductions in brand investment costs and improvements in womenswear. The retailer continues to enhance competitiveness through celebrity ...

"We feel at the end of the day, it will come at the cost of the consumer," H&M CEO Daniel Erver told Reuters in an interview. "We are firm believers in global trade on fair and equal terms, and ...

Gross margin was 49.1% compared to 51.5% last year. CEO Daniel Ervér said it continued to “optimise the store portfolio” through store closures, 40 net of which shuttered during the quarter.

H&M CEO Daniel Erver expressed his concerns in an interview, stating, "We feel at the end of the day, it will come at the cost of the consumer." He further added that H&M strongly supports global ...

Sales for the December-February quarter were slightly below expectations. CEO Daniel Erver is focusing on enhancing brand appeal through celebrity endorsements while addressing profitability ...

Hennes & Mauritz AB said that stockpiles of unsold clothing, which hit profit in the first quarter, would be under control by ...