H&M Surprises Investors with Better-than-Expected First-Quarter Results
Wednesday, 27 March 2024, 12:41
H&M Reports Strong First-Quarter Performance
Hennes & Mauritz AB (H&M), the world's second-largest listed fashion retailer, exceeded market expectations by posting a solid first-quarter operating profit.
New CEO's Strategy
CEO Daniel Erver highlighted the positive response from customers towards the brand's spring collections, signaling a potential turnaround for H&M.
- Competitive Landscape: The fast-fashion sector faces challenges from industry leaders like Zara and emerging players like Shein.
- Market Focus: Erver stressed the importance of concentrating on H&M's core customer base amidst fierce competition.
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