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H&M reports rise in third-quarter profit
Gulf Today
|September 27, 2025
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.
Esta historia es de la edición September 27, 2025 de Gulf Today.
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