Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
A large appearance of the illuminated red logo H&M before showing women’s summer dresses and everyday clothes in the retail store.
Chen Sin | Getty Images | Gets the image
Swedish clothing H & M On Thursday, the weaker than the sales were expected in the second financial quarter, but they were indicated for competitions at the request of the summer season.
The income in the second largest in the world of the clothing seller has reduced the year to 56.71 billion Swedish crane ($ 5.99 billion) over the three-month period. 31, just below 57.01 billion Swedish forecasts Krona Analyst LSEG.
The operating profit amounted to 5.9 billion Swedish cranes per quarter in accordance with expectations.
The company noted, however, that the sales in June will increase by 3% in local currencies, as demand shows signs for summer months.
Earlier the fashion seller reported the slow start of the yearBut he pointed to the annual basis of sales in March.
H&M.
H & M collided A competitor belonging to the voicer index And reflect from increasing competition from retailers with a lower cost, such as Shane and the subject.
US tariffs and weak consumer confidence still became more widely dragged for the retail sector, and Inditex was located earlier this month Weaker than expected, quarterly sales And the slow start of summer against the background of broad economic uncertainty.
According to the new report of the law firm Weil Weil, Gotshal & Mangs LLP, trading and consumer goods that refer to tough credit conditions, inflation costs and weakening consumer demand among the pressure.
This is a developing story and will soon be updated.
