H&M
Coverage of H&M in the Nexus archive.
- H&M to Open First Store in Argentina by 2027
H&M will open its first store in Argentina in 2027 at Buenos Aires’s Alto Palermo through franchise partner Hola Moda. The development is described as an 'early trophy for Milei’s market opening.'
- H&M's turnaround hit a speed bump as one-off costs dragged down earnings and sales fell short
H&M's operating profit remained flat at 5.91 billion kronor year-on-year due to one-off restructuring charges of 679 million kronor, leading to a sales shortfall.
- H&M Profit Misses Estimates as Turnaround Questions Persist
H&M's profit missed estimates, raising ongoing questions about its turnaround strategy. An H&M store in Mexico City was featured in the report.
- Rising costs in Singapore spur business migration as regional alternatives rise
Rising costs and a tight labor market in Singapore are prompting businesses like Gardenia and H&M to relocate operations to Malaysia, which is becoming a more affordable regional alternative. Analysts warn that Malaysia's gains from this migration could lead to increased competition for skilled workers.
- H&M-backed Syre's Vietnam plant offers recycling alternative to China
H&M-backed Syre's Vietnam plant offers a recycling alternative to China. The initiative aims to shift recycling operations from China to Vietnam.