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H&M’s sales growth fails to ease investors concerns about margin pressure

18/06/2019 - 15:41

Fashion retailer H&M reported sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure. 

H&M, the world’s second-biggest fashion retailer, has seen profits shrink and inventories rise in recent years as its core brand has not kept up with the online shift and tougher competition, and not reacted fast enough to demand swings. While investing heavily in logistics, digital technology, and store concepts, and revie... 


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Fashion house Chanel parades its independence as profits rise

18/06/2019 - 12:49

Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits an...

A Woolworths window display wins big in London

18/06/2019 - 11:34

A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award. ...

Plans to reshape the clothing industry

18/06/2019 - 10:19

A master plan submitted to the Department of Trade and Industry (dti) aims to improve the country's ailing clothing and texti...

Meridian Holdings invests in Cape Wine Academy

14/06/2019 - 14:12

This year, the Cape Wine Academy celebrates 40 years of presenting their wine courses to industry and private enthusiasts. We...

Shoprite Angola makes substantial food donation

14/06/2019 - 11:30

More than 2300 children across Angola recently benefited from food donations from all 14 Shoprite stores in the country....

Zara owner Inditex shakes off chill with strong second quarter start

14/06/2019 - 11:22

Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales fo...

Five things you need to know about the pharmaceutical industry

14/06/2019 - 11:10

The pharmaceutical sector - both locally and globally - is following suite with general retail and going through uncertain ti...