H&M Group released its first set of results under the leadership of CEO Daniel Ervér on Wednesday and he seems to have got off to a good start because while Q1 saw net sales down, profit rose. He said that February’s sales in particular “gradually improved, with well-received spring collections, which is a positive sign [...]read moreErvér makes good start at H&M Group as Q1 looks stronger
By Reuters API Published Mar 23, 2024 Investors will be looking for reassurances from new H&M CEO Daniel Erver that he has the right plan to reboot revenue growth when the fast fashion retailer reports its first quarterly earnings under his leadership on Wednesday. Reuters Erver took the helm in January after his predecessor Helena [...]read moreH&M’s new boss Erver faces battle to reboot sales
By Reuters API Published Jan 31, 2024 The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target. Daniel Ervér, 42, took the reins at H&M on Wednesday after Helena Helmersson quit in a [...]read moreNew H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers