PARIS — Fast-fashion behemoth Hennes & Mauritz on Wednesday reported better-than-expected first-half profits but the company disappointed with its second-quarter sales performance.
The Swedish firm’s profit growth was a bit slower in the quarter ended May 31 than in the half, with net pretax profits for the three months up 20 percent to $334.5 million from $278.7 million. H&M, which opened 53 stores in the six months ended May 31, said net pretax profit for the year to date rose 28.2 percent to $554.7 million, versus $432.5 million in the year-earlier period.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)