PARIS — Hennes & Mauritz on Wednesday said improved weather conditions in May helped lift second-quarter profits after cold climatic conditions in Europe hurt sales in the early spring season.
The Swedish fast-fashion giant said second-quarter profits after financial items improved 6 percent to 5.43 billion kronor, or $839.3 million, boosted by a 25 percent sales gain in May after weak sales in March and April. Overall, sales in the quarter ended May 31 rose 7.8 percent to 21.61 billion kronor, or $3.34 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"