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fashion retailer – XtremeCuztoms

Tag: fashion retailer

H&M Profit Jumps as Shoppers Hit Stores After Pandemic

June 30, 2022
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STOCKHOLM—H&M, the world’s second-biggest fashion retailer, reported a forecast-beating 33 percent increase in March-May profit on Wednesday as shoppers flocked to its stores in the aftermath of the pandemic. The Swedish company reported a pretax profit of 4.78 billion crowns ($471 million) for its fiscal second quarter, up from 3.59 billion a year earlier. Analysts…

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Boohoo’s Margins Dented by Higher Freight and Labour Costs

October 1, 2021
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LONDON—British online fashion retailer Boohoo warned on Thursday that full year profit margins will be lower than its previous guidance due to a rise in freight costs in its supply chain and higher wages for its distribution centre workers. Shares in the group dropped 11 percent, extending year-on-year losses to 37 percent after it said…

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