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.
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.
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.
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".
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 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.
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.
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.
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.
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.
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.
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.
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.