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H&M CEO Abruptly Quits, Shares Drop 8% Amid Slump In Sales And Profitability
Wednesday, January 31, 2024 - 6:50am | 665H&M (OTC:HNNMY) CEO Helena Helmersson has resigned with immediate effect. The company’s veteran, Daniel Ervér, has taken over. The sudden change in leadership comes as the Swedish fashion retailer grapples with declining sales and profitability. What Happened: On Wednesday, Helmersson...
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Shein's Backers Look To Offload Shares At 30% Discount Amid Fading Hopes For IPO
Thursday, January 25, 2024 - 5:02am | 695The highly anticipated initial public offering (IPO) of Shein, a global online fashion giant, is facing a significant setback as investors are struggling to sell shares at a 30% discount in private market deals. What Happened: Investors are finding it challenging to offload Shein shares in private...
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A Reputation Expert's Advice For H&M After Racially Insensitive Clothing Scandal
Thursday, January 11, 2018 - 4:39pm | 711In an age of weaponized social media, when a brand like H&M Hennes & Mauritz AB ADR (OTC: HNNMY) releases an offensive advertisement, the shockwaves are felt around the world. The clothing retailer often demonstrates that it undertakes corporate responsibility activity and works hard to...
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How Did Teen Retailers Fare In Q3?
Friday, November 18, 2016 - 2:44pm | 753A positive start to the retail earnings season and the broader market rally set in motion by the U.S. presidential election results have proved salubrious for retail stocks in recent sessions. This is evident from the roughly 10 percent gain notched up the SPDR S&P Retail (ETF) (NYSE: XRT)...
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Is Amazon The New Costco?
Monday, May 16, 2016 - 11:18am | 269Is Amazon.com, Inc. (NASDAQ: AMZN) the "new" Costco Wholesale Corporation (NASDAQ: COST)? According to SW Retail Advisors President Stacey Widlitz it just may be. Speaking as a guest on CNBC's "Retail Detail" segment, Wildlitz noted that department store names reported in their recent quarterly...
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Retail's Changing Landscape: Here's What You Need To Know
Wednesday, May 11, 2016 - 4:09pm | 258Is there a fundamental shift in retail going on? According to CNBC's Courtney Reagan, there most certainly is. Here's what you need to know. Reagan argued that a shift in consumer spending habits continues to shape the retail landscape. While this change hasn't happened overnight...
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Lululemon Bets Big On Millennial Moms
Tuesday, June 9, 2015 - 7:26am | 548The last missive back in March discussed how subtle changes in Lululemon Athletica (NASDAQ: LULU)'s visual merchandising led me to believe that the company had some very clever— and accretive-- line extensions into higher fashion, higher margin—"off the mat" apparel and a nascent swimwear line....
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Wall Street's Reaction To Gap's Q1 Earnings
Friday, May 22, 2015 - 1:13pm | 506Gap Inc (NYSE: GPS) reported a decline in its earnings for the first quarter on Thursday. Here is how some of Wall Street's top retail analysts responded. Topeka: Q1 As Expected In a brief note, Dorothy Lakner said Gap's first quarter print came in as expected, with reaffirmed...
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BYE FELICIA: Millennials And Why Teen Retail Tanked
Thursday, December 4, 2014 - 5:16pm | 751There was a lovely article in The Wall Street Journal Thursday morning on teen retailers Abercrombie & Fitch (NYSE: ANF) and Aeropostale (NYSE: ARO) and the lackluster performance to date. Thanks for that. Yet the authors neglected to mention the most important thing: Why? One of the...
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What Companies Stand To Benefit From The Super Bowl?
Thursday, January 30, 2014 - 12:42pm | 62Some 110 million Americans are expected to tune into Super Bowl XLVIII Sunday, allowing Fox to command $4 million for each 30 seconds of ad time. Here are some of the key companies hoping to benefit from their investment in the big game. Here are companies to watch as they earn pre-game awards.
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Urban Outfitters Reputation Clean-Up Necessary, Former CEO to the Rescue
Tuesday, February 28, 2012 - 12:19pm | 681For the average consumer, Urban Outfitters (NASDAQ: URBN) has become a special-occasion based retailer in terms of wardrobe and expense. With the introduction of H&M, Forever 21 and other highly affordable brands in recent years, it is no wonder that the luxury store was more successful in the...