Saturday, September 29, 2012
H&M misses profit forecasts, delays U.S. online launch
The world's second-biggest clothing retailer Hennes & Mauritz (HMb.ST) missed profit forecasts on Thursday, as grim economic conditions and a heatwave kept shoppers away and expensive currency transactions hit margins in the third quarter. H&M said it would postpone the launch of online services in the United States, the world's largest online market, until mid-2013. The group had previously planned the launch for this autumn. But it said it would press on with plans for a higher-priced
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment