H&M sales in Croatia rise 4% in FY 2016

02 February, 2017, 00:41 | Author: Celia Hoffman
  • H&M sales in Romania climb 17% in FY 2016

The Swedish company benefited from a number of emerging markets, such as India, Mexico, South Africa and Turkey, after recently expanding there.

Fast-fashion chains are known as such because they design, make and get to stores fast-changing fashions and trends much more quickly than specialty apparel stores and department stores. Zara parent Inditex started to slow its store openings a year ago.

The company is now aiming for annual local-currency sales growth, including online sales, of 10-15 percent, and expects to be within that range from this year on. H&M hasn't recently provided specific sales-growth targets.

Analysts have criticised H&M for not offering services such as picking up items bought online in its stores and the company responded on Tuesday by saying it was testing online returns in stores, click-and-collect and faster delivery options.

The shift to compete online for H & M comes after management recognized strong competition from online retailers in the U.S., Europe, and China including Amazon, Zalandro, and Alibaba.

Rodrigo Duterte suspends Philippines' war on drugs
As of Monday, Dela Rosa said , instead of the war on drugs, the PNP will now focus on war on scalawag policemen. He also said a year ago he would be "happy to slaughter" three million drug addicts as part of his crime war.


Copa Del Rey Atletico draw Barca in Cup semi thriller
The first and second legs for these two will take place on February 2 (at Vigo) and 8 (at Alaves ), respectively. Celta have reached the final three times but never won the trophy.


Is Starbucks A Victim Of Its Mobile Pay Success?
Analysts had expected Starbucks Corporation (NASDAQ:SBUX) to post net income of about $0.55 per share on $5,678.56M in revenue. In other news, insider Clifford Burrows sold 80,000 shares of the business's stock in a transaction on Thursday, December 8th.


In Sweden, H&M shares were trading at 250 kronor, up 5.57 percent. Analysts polled by FactSet had expected net profit of 5.42 billion kronor.

The Board of Directors proposes a dividend of 9.75 Swedish krona (1.10 dollars) per share for the 2015/2016 financial year.

Sales in the period from September to November, excluding value-added tax (VAT), rose eight per cent year on year to 52.7 billion kronor.

Swedish fashion group H&M's turnover in its fiscal year 2016, which ended on 30 November, grew 7 %, but a strong dollar and an increased amount of discounts led to a lower profit compared to the year before. Its total sales went up by 6% a year ago, reaching SEK 223 billion (EUR 23.6 billion). H&M entered 11 new online markets last year and plans to add six more this year. It is now present in 64 markets of which 35 offer e-commerce.

But he also made reference to "geopolitical events" which he said had had a negative impact on the retail trade, particularly in France, Germany, Switzerland and Italy as well as the United States and China. Last year, Mr. Persson warned of the dangers that the Brexit vote might pose to business.

Recommended:

  • Cuomo to propose amendment to protect Roe v

    Cuomo to propose amendment to protect Roe v

    Cuomo was then asked at the conference about the protests Saturday night at the airport railing against Trump's executive order. Both Governor Cuomo and Attorney General Schneiderman have released statements on the actions taken by President Trump.
    Trump, Putin discuss Middle East during phone call

    Trump, Putin discuss Middle East during phone call

    The announcement came Friday from Kremlin spokesman Dmitry Peskov , according to Russian news agencies. "If there's any country in the world that doesn't deserve sanctions relief, it's Russian Federation".
    WWE Needs a Women's Royal Rumble

    WWE Needs a Women's Royal Rumble

    Show says Braun is a legit badass and a monster but he's here to let Braun know that he's not the biggest fish in the tank. You could add extra episodes to RAW or Smackdown based around who the Undertaker is going to challenge at WrestleMania .
  • Hundreds protest Syrian refugee family's deportation at Philly airport

    Hundreds protest Syrian refugee family's deportation at Philly airport

    In Pittsburgh, protesters also filled the baggage claim area of Pittsburgh International Airport in a show of solidarity. While travelers were detained at other airports across the country, it was quiet at Jacksonville International Airport.
    Pro Bowl: NFL picks six replacements for Super Bowl-bound Falcons

    Pro Bowl: NFL picks six replacements for Super Bowl-bound Falcons

    While the NFL Skills Showdown is over, fans still can put their skills to the test at the NFL Pro Bowl Experience. To do so, it added a skills competition on Thursday night, appropriately called the Pro Bowl Skills Showdown.
    Hull's Snodgrass close to West Ham move, says Silva

    Hull's Snodgrass close to West Ham move, says Silva

    However, the Hammers got their man on Friday, with the Scottish global signing a three-and-a-half year deal with the Londoners. When he was available he tried to work and do his best, but for the last 12 days he hasn't worked with me.
  • All Delaware prisons on lockdown after 'hostage situation'

    All Delaware prisons on lockdown after 'hostage situation'

    Vaughn Correctional Center in the town of Smyrna, about 40 miles (64 km) south of Wilmington, was locked down between 10:30 a.m. Citing the officers association, CNN-affiliate KYW said four guards and one counselor were taken hostage by inmates.

    Trump ordering Joint Chiefs to plan ISIS destruction

    United States (U.S) President Donald Trump said at the swearing-in ceremony of retired Marine Corps Gen. Trump could "certainly use more military force".
    Boeing reveals Starliner spacesuit for commercial crew

    Boeing reveals Starliner spacesuit for commercial crew

    NASA astronaut Sunni Williams, one of the first Commercial Crew astronauts, tries on Boeing's flight suit . This suit is the Russian version of the EMU and is used for spacewalks.
  • SC refuses to stay Tamil Nadu amendment permitting Jallikattu

    SC refuses to stay Tamil Nadu amendment permitting Jallikattu

    The state's law was challenged by NGOs who said in the Supreme Court that only the centre has the power to amend the law. The court also allowed the Centre to withdraw its January 7, 2016, notification permitting Jallikattu.
    Conte's comments on Ivanovic future make it clear

    Conte's comments on Ivanovic future make it clear

    He is a legend of the career and if you are not playing a lot you an make decision to play for another team. And his performances for the Magpies appear to have caught Antonio Conte's eye.
    Gmail won't allow JavaScript file attachments starting February 13

    Gmail won't allow JavaScript file attachments starting February 13

    Google has announced that it will start blocking JavaScript attachments in Gmail soon, in an attempt to reduce malicious attacks. The Help option besides the warning offers more explanation why Gmail JavaScript attachments are blocked.


Popular

Apple might stop supporting 32-bit apps in iOS 11
Apple is preparing to end support for 32-bit iOS apps, according to an error message discovered in the new iOS 10.3 beta. There are still a large number of 32-bit apps in the App Store that have not been updated for a long time.

Israel to vote on legalising wildcat outposts
David Friedman, Trump's choice for ambassador to Israel, has said that he looks forward to performing his service "from the U.S. The global community considers the settlements illegal even if they are approved by Israeli legislators.

After Thousands Protest Immigration Ban, Federal Judge Grants Stay To Detainees
A federal judge has granted the American Civil Liberties Union request to temporarily stop detention of men at John F. Hameed Khalid Darweesh , an Iraqi who was detained overnight, worked as an interpreter for the U.S.

Apple set to join AI Partnership with IBM, Google and Microsoft
The organization could also be a great buttonholing tool, demonstrating that technology firms are acting responsibly. We've also seen signs that Apple wants to dive even further into this area of research in recent months.

Manchester United knock out Hull City on Aggregate
For a player who was at United to come back to Old Trafford is always a great feeling I'm sure and he'll relish the opportunity". I only saw two goals". "I saw [Paul] Pogba's goal and their [second] goal was a fantastic goal.

Russian FM announces postponement of Syria negotiations in Geneva
Lavrentyey also said on Tuesday that Russia's intention was only to accelerate the peace process and not interfering with internal issues.

Here's how the Chinese New Year will be celebrated in India!
May this New Year be as colourful and interesting as the decorations that you put up in your home to welcome the festive season. However, during Chinese New Year prices can surge up from 3,000 yuan ($436) to 10,000 yuan ($1,454) per day.

Venus Williams returns to Australian Open finals against sister Serena
Muguruza had no answers as her opponent dictated from the baseline, her forehand doing most of the damage. After a dramatic run through to the semi-finals, Lucic-Baroni left Melbourne with one special memento.

Tiger Woods set for Torrey Pines return
Hold on though - don't let that deter you, because he missed the cut as the defending champion after winning here in 2015. He seemed to have no physical problems when he played in the unofficial Hero World Challenge in the Bahamas last month.

Dubai stays No. 1 airport for global travellers
In December, the emirate's airport registered 7.7 million passengers, a performance boosted by the holiday season. DXB´s annual traffic in 2016 totaled 83,654,250 passengers, compared to 78,014,838 in 2015, up 7.2 per cent.