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H&M Names New CEO in Surprise Move

H&M Names New CEO in Surprise Move
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

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H&M CEO quits as sales keep sliding, shares drop, Retail News, ET Retail

The leadership change came as H&M said sales for December and January fell by 4% compared to the previous year, a bad sign for the key Christmas shopping period. The world s second-biggest listed fashion retailer after Inditex, H&M has struggled to compete with Zara and low-priced fast fashion giant Shein, both of which have seen strong sales growth. ....

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New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers

The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target. Daniel Ervér, 42, took the reins at H&M on Wednesday after Helena Helmersson quit in a surprise announcement that sent the company's shares down more than 10%. At the same time, H&M said sales continued to fall over the key holiday trading months of December and January, raising questions about how much revenue the retailer is sacrificing in pursuit of a higher profit margin. ....

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H&M CEO quits as sales keep sliding, shares drop - Life & Style

STOCKHOLM: H&M opens new tab unexpectedly announced a change of leadership on Wednesday with company veteran. ....

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H&M CEO Resigns Amid Sales Decline: What It Means for the Fashion Retailer |

Discover the implications of H&M CEO's resignation amidst a sales decline and its impact on the fashion retailer. Stay informed with the latest news and analysis on the industry. ....

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