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September: H&M profits impress despite September sales slowdown

H&M, whose biggest rival is Zara owner Inditex, said September sales would fall by 10% year-on-year measured in local currencies. That compares with Inditex reporting a 14% rise in sales between Aug. 1 and Sept. 11.

H&M blames warm weather for sales slide

But, ‘if the sales at your competitor go up 4% with the same weather, that tells you something’, one analyst says

Siemens′ first-quarter results shine amid executive handover | Business| Economy and finance news from a German perspective | DW

Siemens first-quarter results shine amid executive handover German engineering giant Siemens has posted promising first-quarter results despite the ongoing coronavirus pandemic. The firm looks for more innovative power as the era of reformist CEO Joe Kaeser draws to an end. Following a protracted restructuring process, Siemens looks well-positioned to tackle new market challenges At a virtual general meeting on Wednesday, German engineering behemoth Siemens  long-standing chief executive, Joe Kaeser, who d led the company since 2013, handed over to who was his deputy CEO, Roland Busch. The change at the helm of the firm coincided with the release of first-quarter results, with Siemens fiscal Q1 running from October to December. It was a pleasant farewell for Kaeser as his company posted positive results despite the ongoing coronavirus crisis, which hurt industrial activities across the world.

Abschied von Joe Kaeser: Siemens-CEO verlässt das Unternehmen

Abschied von Joe Kaeser: Siemens-CEO verlässt das Unternehmen
handelsblatt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from handelsblatt.com Daily Mail and Mail on Sunday newspapers.

Was der neue Siemens-Chef vorhat – und was die Investoren von ihm erwarten

Was der neue Siemens-Chef vorhat – und was die Investoren von ihm erwarten
handelsblatt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from handelsblatt.com Daily Mail and Mail on Sunday newspapers.

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