H&M’s Q3 revenue growth was dampened by a need to offer more discounts, the Swedish fashion retail giant said Friday, although it also added that the cloud had a silver lining as its AW inventory is much cleaner.
London’s Bond Street is becoming a home for ultra-luxury brands with fewer affordable luxury/premium labels having stores there, a new report shows. And stores due this year will push the ultra-luxe edge even higher.
H&M had plenty to talk about Thursday as it reported higher H1 sales, some markets that were good and others that were challenging, plus e-sales powering ahead and strength in its expanding other brands.
Brexit is looming but London is still the top springboard into Europe for retailers, new figures from CBRE have shown. But Hong Kong is global leader while Dubai and Doha show the Middle East remains key.
H&M is well known for giving little away in its sales results announcements. And so it was on Monday as the Swedish fashion giant said group sales rose 7% in local currencies in April compared to April 2016.