H&M’s July sales defy gloom August 15, 2012 Hennes & Mauritz (H&M), the Swedish clothing giant, said sales grew for a third consecutive month in July. The upbeat results came despite gloom in its biggest market Germany, in a sign of robust demand for cheap fashion from cash-strapped shoppers. Sales at stores open a year or more rose two per cent in local [...]
H&M to step up expansion with its first store in South America August 29, 2012 SWEDISH clothing giant H&M said yesterday it will make its first foray into South America by opening a store in Chile, as it continues its rapid expansion into new markets. The world’s second largest clothing chain plans to open a flagship store in the first half of 2013 in the shopping centre Costanera Centre in [...]
I mince pie with my little eye… December 17, 2013 This week, we salute the humble mince pie. They’re as much a part of a British Christmas as Buck’s Fizz, crackers and pigs in blankets. Here, the City A.M. team gives their verdict on the best luxury pies in the run up to the big day Konditor & Cook Mince Pie Dozen 7.8/10 With the [...]
Tick tock you don’t stop November 6, 2013 Robin Swithinbank is seduced by full calendar watches that won’t need adjusting for a century or more A perpetual calendar watch, that will give you the correct date without adjusting for the next hundred years or more, is the ultimate prestige item, says Robin Swithinbank Not every watch aficionado appreciates a date window on a [...]
Ryanair issues profit warning as weakness in Autumn season appears September 4, 2013 Budget airline Ryanair has issued a profit warning, announcing that it expects full year results to show profit at the lower end of the expected range of €570m to €600m (£482m to £508m). Full year traffic is also expected to come in lower at 81 million from 81.5 million previous. CEO Michael O'Leary said that [...]
Mix it up October 8, 2013 @philip_salter I’VE just found out it’s National Inclusion Week. Nobody told me so I’m feeling rather left out. It’s also National Curry Week, and no doubt a dozen other “Weeks” that are busy passing us all by. One worth taking note of though is hosted in this great city of ours; in fact, in my [...]
H&M figures buck retail gloom July 16, 2012 Hennes & Mauritz, the world’s second-largest clothing retailer, grew annual sales at established stores in June. The Swedish budget fashion firm said yesterday sales growth at stores open a year or more was steady in the month – the first of its fiscal third quarter – at three per cent in local currencies. Total sales [...]
Pawnbroker set for £35m stock rescue package September 30, 2013 TRADERS turned on high street pawnbroker Albemarle & Bond (A&B) yesterday after it laid plans for an emergency £35m cash bailout to salvage the troubled business. The Bristol-based outfit, the UK’s second biggest pawnbroker behind H&T, lost nearly half its value after shares fell over 40 per cent, slashing the value of the 30-year old [...]
Pawnbroker H&T blames drop in precious metal price for profit dip August 12, 2013 PAWNBROKER H&T Group yesterday blamed the collapse in the price of gold after its profits slumped by more than a third in the first half of the year. The group, which has 193 high street stores and five more under the Gold Bar brand, said pre-tax profits fell by 39 per cent to £4.6m in [...]
H&M sales rise June 15, 2012 Hennes & Mauritz, the world’s second-largest fashion retailer, said on Friday sales at stores open a year or more rose three per cent in local currencies in May, beating a Reuters poll forecast for a one per cent drop. Total sales in May, the last month of the Swedish budget apparel firm’s fiscal second quarter, [...]