Swedish fashion giant Hennes & Mauritz reported on Wednesday a 2 percent year-on-year fall in sales at established stores in September as the growing crisis in the financial sector weighed on consumer spending.
Zara owner Inditex said on Wednesday that Spain was "slightly below average" compared to its other markets.The retailer was asked on an analyst call about how the consumer downturn in Spain was affecting it.
Shares in Shanghai Metersbonwe Fashion & Accessories Co 002269.SZ, the first major fashion retailer to list in China, rose 34 percent in their market debut on Thursday August 28th, at the low end of analysts' forecast...
Swedish fashion giant Hennes & Mauritz posted better-than-expected sales figures for July on Friday August 15th, defying an economic slowdown, as cost-conscious shoppers appeared to favour its moderately priced clothes.
Swedish cheap'n chic fashion chain H&M announced Wednesday a 31-percent rise in second-quarter net profit to 3.46 billion kronor (368.2 million euros, 500 million dollars) as the group pursues its worldwide expansion.