|Day Low/High||2.90 / 2.93|
|52 Wk Low/High||2.60 / 3.97|
Global stocks weakened Monday as investors pulled cash from risk markets around the world amid reports that President Donald Trump is ready to impose tariffs on $200 billion worth of China-made goods as early as today while official in Beijing have vowed to retaliate to protect the nation's interests.
President Donald Trump is reportedly set to impose tariffs on about $50 billion in imports from China.
H&M shares hit the lowest levels since 2005 Tuesday after the world's second-largest clothing retailer said a a bigger inventory overhang would lead to price cuts in the company's spring quarter.
H&M's struggles continue as it deals with excess inventory and a sub-par online experience.
CPI in January jumped 0.5% in January, higher than expected.
Dow Jones and S&P futures are pointing to a flat opening on worries that the tax reform bill may not have votes to pass.
The company said that it was speeding up its remedial action to 'respond even quicker to customers' fast-changing behavior.'
Barclays in a Tuesday morning note downgraded the Swedish retailer to "underweight," after it concluded the "market is unwarranted in pricing similar cash flow growth for both H&M and Inditex."
H&M said its online sales aren't offsetting a drop in traditional store traffic
Trump's tax proposals gave global stocks an early boost, but questions over final agreement have trimmed gains.
Inditex, the world's biggest clothing retailer and owner of the Zara brand, said the surging euro has trimmed its profitability.
The Swedish fast-fashion retailer said sales in the third quarter came 5% higher than the same time period last year
Credit Suisse upgraded the fast-fashion retailer to outperform from underperform and raised its target price to Skr240 from Skr185.
Sears just doesn't have a place in a world run by millennials.
H&M said Monday it will scrap its monthly sales updates in favor of quarterly reports in order to bring it in line with other retailers in the fashion industry.
No one wants to buy its clothes or its assets.
Associated British Foods saw shares surge in early Thursday trading after it reported double-digit growth at its low-cost clothing retailer Primark and upgraded its full-year outlook.
H&M posted stronger-than-expected second quarter profit Thursday and said it will focus on its digital expansion into the second half of the year even as June sales appear modestly weaker.
H&M reported weaker-than-expected second quarter sales Thursday, increasing investor concern that the fashion retailer will struggle to gain ground against its ever-expanding rival Inditex SA IDEXY .
Inditex shares traded lower in Madrid Wednesday after the Zara owner posted stronger-than-expected earnings but reported only a modest increase in its gross margin.
H&M shares traded firmly higher in Stockholm Monday after the struggling fashion retailer posted solid April sales figures as it attempts to close the gap on rival Inditex.
Zara is succeeding while retail in general is floundering.
H&M sales were slightly lower than the group had expected last month, the group said Tuesday, pushing shares in the struggling fast-fashion retailer lower in early trading.
European stocks slipped into negative territory by midday Thursday as softer inflation data in Germany and Spain weakened the euro and concerns over the strident tone of Brexit negotiations.
H&M posted stronger-than-expected quarterly earnings Thursday and said it would launch a new clothing line later this year amid an increasingly difficult environment for European retailers.
European stocks edged higher Thursday but with political risks still lurking underneath solid economic fundamentals, gains were limited and volumes were thin
H&M is giving itself a makeover, revamping its logistics and omni-channel strategy as well as launching a new brand as first quarter sales lagged forecasts, sending shares down.
European stocks edged higher Thursday, but with political risks still lurking underneath solid economic fundamentals, gains were limited and volumes were thin.
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