Tag: H & M Hennes & Mauritz AB

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H&M reports better-than-expected first-quarter results
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March 27, 2024March 27, 2024Earnings

H&M shares jump 14% as profit smashes expectations

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HONG KONG, CHINA – 2021/08/07: Pedestrians cross the street in front of the Swedish multinational clothing design retail company Hennes & Mauritz, H&M, store in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish...

Shein not vying to be Amazon 'clone' ahead of U.S. IPO
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January 26, 2024January 26, 2024IPOs

Shein rejects Amazon ‘clone’ talk as it prepares for U.S. listing

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Chinese-founded online retail giant Shein is not positioning itself as an Amazon “clone,” the company told CNBC, as it prepares for a U.S. public listing later this year. The e-commerce company’s product categories are likely to “grow over time,” as the business entrenches itself deeper into the U.S., Peter Pernot-Day, head of strategic communications, U.K....