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Top related persons:
Jefferies - 1 Inditex - 1 Richard Chamberlain - 1 Marie Mannes - 1 Anna Ringstrom - 1 Terje Solsvik - 1 Alexander Smith - 1
Top related locs:
STOCKHOLM Swedish Europe Zara Spain U.S Germany
Top related orgs:
Royal Bank of Canada - 1 Thomson - 1

Search resuls for: "Marie Mannes Anna Ringstrom"


3 mentions found


☆ H&M upbeat on June after chilly weather hits quarterly sales
  + stars: | 2023-06-15 | by ( Marie Mannes Anna Ringstrom | Marie Mannes | Anna Ringstrom | ) www.reuters.com   time to read: +2 min
STOCKHOLM, June 15 (Reuters) - H&M (HMb.ST) reported weaker than expected second quarter sales on Thursday as chilly weather held back demand in key markets, although the Swedish clothes group said June had started well and its shares rose by 3% in early trading. "Sales in the second quarter were affected by unfavourable weather conditions compared to the corresponding period last year on several of the H&M group's large markets" H&M said. Zara owner Inditex (ITX.MC), whose largest market is warmer Spain, has a smaller share of sales in northern Europe and the U.S. and is also less affected by weather swings. Inditex, which has coped better than H&M in sluggish markets, last week said net sales in its quarter through April were up 13% and, in May, up 16%. H&M, whose single-biggest market is Germany, is due to publish its full quarterly earnings report on June 29.
Persons: Jefferies, Inditex, Richard Chamberlain, Marie Mannes, Anna Ringstrom, Terje Solsvik, Alexander Smith Organizations: Reuters, Royal Bank of Canada, Thomson Locations: STOCKHOLM, Swedish, Europe, Zara, Spain, U.S, Germany
☆ H&M slips out of fashion as first-quarter sales lag
  + stars: | 2023-03-15 | by ( Marie Mannes Anna Ringstrom | Marie Mannes | Anna Ringstrom | ) www.reuters.com   time to read: +2 min
Shares in H&M were down 6% in early trade, underperforming the wider Swedish market (.OMXSPI). The Swedish group said sales measured in local currencies for the period, its fiscal first quarter, rose 3% from a year earlier. Jefferies said local-currency sales, the figures most watched by markets, were significantly lighter than consensus estimates and implied that sales in reality fell 3% in February. By contrast, market leader Inditex (ITX.MC) reported on Wednesday a 13.5% increase in Feb. 1 - March 13 sales and a 27% net profit increase for its fiscal year through January. Royal Bank of Canada (RBC) said it expected continued input cost increases in the first quarter for the retailer and that it would stay under pressure into the second quarter.
☆ IKEA says shrinks climate footprint with help from new light bulbs
  + stars: | 2023-02-15 | by ( Marie Mannes Anna Ringstrom | Marie Mannes | Anna Ringstrom | ) www.reuters.com   time to read: +1 min
IKEA has a target to be climate positive - reducing more greenhouse gas emissions than its value chain emits - by 2030. Inter IKEA acts as franchisor to IKEA store owners and is in charge of supply. Abrahamsson Ring said earlier that retail sales volumes did not increase in fiscal year 2022 as IKEA struggled to meet demand due to supply shortages. Ingka Group, which owns most IKEA stores worldwide, reduced its own emissions by 23% to 455,014 tonnes of CO2 equivalent. The store owner's emission reduction was also achieved by using more renewable energy.
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