|Day Low/High||13.88 / 14.02|
|52 Wk Low/High||12.22 / 17.80|
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.
President Trump likes his dollar weak, so it's time to go shopping in Europe.
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.
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."
Inditex, the world's biggest clothing retailer and owner of the Zara brand, said the surging euro has trimmed its profitability.
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.
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.
A Sunday victory for Marine Le Pen and Jean-Luc Melenchon would spell political disaster, but fear-induced volatility could create stock bargains.
While Continental stocks reversed losses convincingly, London remained under pressure as ex-dividends weighed
French and Spanish Stocks were back in the black at noon, leading a partial reversal of earlier losses for the continent as a whole
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.
Europe's two biggest clothing retailers saw sharply different reactions to recent sales updates, suggesting the two 'fast fashion' trend-setters are forging different paths in a difficult retail market.
Adidas sees the 'need for speed.'
Adidas sees the 'need for speed.'
Adidas isn't joking around.
Unilever has proposed to change the way executives and directors are paid in a bid to make them act more like owners of the business.
One company has edged out H&M.
H&M reports an 8% rise in sale in January, slightly lower than a preliminary figure released in January.
H&M stock dropped in the first hour of trading in Stockholm Monday after it announced sales growth in December was slower than expected.
Foreign brands often struggle in China, but fast-fashion retailers from abroad are making great gains.
H&M sees sales rise 9% in November but falls shy of analysts' forecasts.
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