PARIS — Hennes & Mauritz on Thursday said store openings and lower buying costs boosted first-quarter profits by 28 percent, illustrating the Swedish fast-fashion giant’s ability to log impressive growth in a challenging market.
H&M said group profits after taxes in the three months through Feb. 29 reached 2.94 billion Swedish kronor, or $458.7 million at average exchange, as sales advanced 18 percent to 19.74 billion Swedish kronor, or $3.1 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?"