Monday, October 3, 2016

H&M's Now the Filling in the Classic Retailer Sandwich

Image result for h & m storeHennes & Mauritz has joined the ranks of the squeezed middle.

Sales growth excluding currency movements slowed to just 1 percent in September, the lowest rate of expansion for more than a year, the company said Friday. The fast-fashion chain warned that it may need to continue cutting prices for the remainder of 2016, after a poor start to the crucial autumn season.

The malaise marks a change of fortune for the Swedish retailer, which once stood out by offering the latest styles at rock-bottom prices around the globe. Now, its cachet is starting to fade.. . . more

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