PARIS — Hennes & Mauritz AB on Thursday revealed plans to launch a new chain of stores in 2013 to broaden its offering, as the fast-fashion retailer reported that margins came under pressure in the fiscal first quarter due to heavy discounting of unsold merchandise and rising purchasing costs.
Shares of H&M closed down 4.9 percent at 238.10 Swedish kronor, or $36.20 at current exchange, after the Stockholm-based company, known for its collaborations with designers ranging from Karl Lagerfeld to Jimmy Choo, posted lower-than-expected results for the three months ending Feb. 29.
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)