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Swedish fashion retailer H&M reported an increase in revenue and profit in the second quarter of this year, but warned that sales for June are likely to be impacted by poor weather. H&M group’s net sales increased by three per cent in the second quarter to SEK 59.6bn (£4.4bn), while gross profit rose by 11 per cent to SEK 33.5bn. Net sales were also up over the first half of the year, rising by one per cent to SEK 113.2bn, with gross profit for the period nudging higher to SEK 61.2bn. Continue reading 👇 https://lnkd.in/eQy6UjK4

N Brown Group has reported a profit before tax of £5.3m in the year to 2 March, compared with a loss of £71.1m in the previous year, driven by lower adjusting items and a focus on profitable sales. #retailnews #fashionnews #fashion #retail

Björn Borg registered a net-sales of around US $ 26 million for the third quarter, a significant increase of 8.8 percent. The currency-neutral net sales are up by 10.4 per cent. Björn Borg CEO Henrik Bunge shared that their chosen growth market, Germany, has continued to develop very positively. In the current quarter, the brand increased its presence with a growth of 44 per cent. To read more, click here👉🏻 https://lnkd.in/g6YWEJgh #ApparelResources #retail #retailupdates #fashionretail #fashionretailupdates #fashion #BjörnBorgOnTheRise #DailyNews #Germany

In the fashion industry, seven companies delivered strong performances as of September 30, 2024, with Amazon and Zalando leading with significant sales growth. Delta Galil Industries also highlighted strong gains across all channels. Other firms like Aeffe S.p.A. and Marimekko showed mixed results. Overall, the sector demonstrated resilience and positive prospects. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dJxbiKh3

Is this news confirmed?? If yes, the crisis is real and in depth. "The revenues of international fashion giants are declining, but sales of brands through the "gray market" are increasing, meaning discount distribution platforms or second-hand resale. The picture painted by companies in the sector indicates a significant drop in demand in the Chinese market in recent months. Experts explain that the success of resale at advantageous prices is due to the rise of dedicated platforms like ZZER (for second-hand clothing and accessories) or DeWu (offering discounts of up to 50% compared to traditional sales channels)."

In case you missed: WEEKLY HIGHLIGHTS SEPT. 9-13 MYTHERESA SAYS BUSINESS IS IMPROVING, PARTICULARLY IN THE U.S. The fashion online retailer Mytheresa last week reported wider full-year losses but said that business was improving, with strong sales particularly in the United States. It said it was expecting double-digit growth in the second half of this year and was stealing market share from other retailers.   Mytheresa is benefiting from the fact that many of its rivals, including Farfetch and Matches Fashion, are struggling. It appears to be a survivor of the long-awaited consolidation among online fashion retailers. It’s the only player still growing. THE ROW FINDS INVESTORS The U.S. fashion brand The Row has finally found investors and they are of a high caliber: the families behind two of France’s biggest brands, CHANEL and L'Oréal NET-A-PORTER founder Natalie Massenet and Moda Operandi, Inc co-founder Lauren Santo Domingo also took part in a deal reported to value the business at around $1 billion – a pretty rich number considering that sales are under €300 million. To read more: https://lnkd.in/eQfTVDkg Michael Kliger

Research Report on Aditya Birla Fashion & Retail Ltd. In last 3 Years the stock gave a return of 37.30% as compared to the rise of Sensex and Nifty in the same period. Check out our analysis to know more! . For more updates like this visit our website. http://smartinvestment.in . Don’t forget to follow us. . #researchreport #stockmarket #smartinvestments #stocktrading #investing #newspaper

Swedish fashion giant H&M Group has reported net sales in 2023/24 of SEK234.48bn (£17.1bn) – up 1% – and a jump in operating profit.