The Latest Breaking News from Helena Helmersson

H&M CEO Resigns as Sales Drop, Stock Plunges

H&M's CEO unexpectedly resigns after drop in sales over the holiday season. Shares plunge as the fashion giant faces competition from Shein and Zara.

Top News · Jan 31, 2024

H&M Shares Tumble As CEO Steps Down

H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter.

International Business Times · Jan 31, 2024

Bargain hunters bolster UK sales at B&M and H&M

Upbeat figures from discounter and fashion chain follow similar updates from Next and Primark

The Guardian - UK · Jun 29, 2023

H&M could soon charge you for returns

Inflation and rising shipping costs has forced retailers to implement return fees

The Independent UK · Sep 29, 2022

Massive queues at Moscow H&M as stores sell last stock

One customer who queued up outside an H&M outlet said she was ‘going to buy whatever there is’

Evening Standard · Aug 5, 2022

Fashion Retailer H&M Joins TJX, Others in Exiting Russia

H&M Group said on Monday it will wind down its business in Russia which will cost almost $200 million and affect 6,000 staff as it joins a growing number of companies fully exiting the country. Russia was H&M's sixth-biggest market and the company was increasing its store count there while…

Asharq Al-Awsat · Jul 19, 2022

Fashion Retailer H&M’s Second-Quarter Profit Beats Expectations

Sweden's H&M, the world's second-biggest fashion retailer, on Wednesday reported a 33% growth in quarterly profit which beat expectations, as shoppers flocked to its stores in the aftermath of the pandemic. The company reported a pretax profit of 4.78 billion Swedish crowns ($470.76 million) in the second quarter, up from…

Asharq Al-Awsat · Jun 29, 2022

H&M sales slow after closures in Russia

Earlier this month, the company paused all sales in Russia, Belarus and Ukraine, affecting 185 stores.

The Independent UK · Mar 31, 2022