Lowering prices, upscaling design. If new H&M Group chief executive officer Daniel Ervér was looking for “exciting friction,” he got it in first-quarter results revealed Wednesday.

H&M HM.B 0.42% Hennes & Mauritz has unexpectedly replaced its chief executive as the fast-fashion giant seeks to revive its fortunes after several years of stagnant growth and nonstop crises. The ...

CEO Daniel Erver warned June sales would lag due to poor weather. via REUTERS The worse-than-expected earnings come at a time when many consumers are facing high costs-of-living due to inflation ...

[1/3]Daniel Erver, who replaces Helena Helmersson as CEO of Swedish clothing retailer H&M, speaks in Stockholm, Sweden January 31, 2024. REUTERS/Marie Mannes Purchase Licensing Rights ...

Daniel Erver, who replaces Helena Helmersson as CEO of Swedish clothing giant Hennes & Mauritz, speaks in Stockholm, Sweden January 31, 2024. (TT News Agency/Samuel Steen via REUTERS / Reuters Photos) ...

New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers Credit: REUTERS/TT NEWS AGENCY January 31, 2024 — 08:50 am EST ...

STOCKHOLM (Reuters) -Swedish fashion retailer H&M reported a slightly stronger second-quarter profit on Thursday, an encouraging sign as CEO Daniel Erver tries to reboot the brand and improve ...

LONDON, March 22 (Reuters) - Investors will be looking for reassurances from new H&M (HMb.ST) CEO Daniel Erver that he has the right plan to reboot revenue growth when the fast fashion retailer ...

"The U.S. is an important market for us and will continue to be," Erver said, noting that the impact of tariffs would become clearer in July, once the 90-day levy pause expires.

Shoppers are already starting to browse for holiday items and H&M recently launched its homeware collection for the holiday season, CEO Daniel Erver said, adding that value for money will be ...

LONDON, March 22 (Reuters) - Investors will be looking for reassurances from new H&M HMb.STCEO Daniel Erver that he has the right plan to reboot revenue growth when the fast fashion retailer ...