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.
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.
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 .
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.
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.
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.
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.
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.
This crack means the cliff is extremely unstable and could be about to break apart and fall into the sea, reports 9News.com. The lava stream is perched high on a cliff and causes explosions as the molten rock flows into the ocean.
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.
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.
At the end of the day, Infosys closed down 2.01%, TCS shares fell by 4.47%, Tech Mahindra fell by 4.23%, and Wipro Ltd by 1.62%. The H-1B visa bill removes the "per country" cap for employment-based immigrant visas.
The jurors in Till's case had no intention of convicting Bryant and Milam, two white men, for the vicious murder of a black child. She also claimed Till had wolf-whistled at her, but Tyson notes that might not have been intentional because the boy had a lisp.
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.
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".
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.