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Swedish fashion chain Hennes & Mauritz on Thursday said net profit in its latest fiscal quarter rose 6.4 percent, helped by new store openings and a weaker Swedish krona.
Swedish fashion chain Hennes & Mauritz AB Thursday said its first-quarter net profit fell by 12 percent due to shifts in foreign exchange rates and lower consumer spending amid the global economic downturn.
Swedish fashion retailer H&M AB on Tuesday said Britain's Matthew Williamson will design its summer guest collection.
Hennes & Mauritz, which drew long lines with its first Japan store, is hoping to repeat that success with its second shop opening Saturday with collaborative designs from fashion icon Rei Kawakubo.
H&M has arrived in Japan, seeking to woo a notoriously expensive consumer market with the same cheap prices for fashionable items that have made the Swedish retailer a hit in the U.S. and Europe.
Groundbreaking amnesiac 'HM' dies at age 82He knew his name. That much he could remember. He knew that his father's family came from Thibodaux, La., and his mother was from Ireland. He knew about the 1929 stock market crash, World War II and life in the 1940s. But he could remember almost nothing after that.
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