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H&M reports rise in third-quarter profit
September 27, 2025
|Gulf Today
Swedish fashiongroup H&M reported a bigger than expected rise in third-quarter profit on Thursday, and while its autumn collections were selling well, CEO Daniel Erver cautioned that US tariffs may dampen consumer demand there.
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Shares in the world's second-largest listed apparel retailer jumped 10% to hit their highest level in 11 months after operating profit for the June-August period increased by 40%.
Daniel Erver, CEO since January 2024, has been working to improve profitability by appealing to shoppers with trendier styles, aiming to compete with fast-fashion rivals Shein and Inditex's Zara as the sector contends with disruption from US tariffs.
هذه القصة من طبعة September 27, 2025 من Gulf Today.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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ADX records major achievements in 2025
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