PARIS — Hennes & Mauritz AB said it will switch from reporting monthly sales data to releasing figures on a quarterly basis, in line with most companies in the industry.The Swedish fast-fashion retailer also said it will organize capital markets days for analysts and investors for the first time. The company plans to release quarterly sales numbers on the 15th of the month in which a financial report is scheduled."The reasoning is that a month is far too short a period over which to assess how sales are developing; in fact, a single month’s sales can actually be misleading, since calendar and weather effects — among other things — may significantly affect the outcome," Karl-Johann Persson, chief executive officer of H&M, said in a statement.The high-street chain said sales including VAT, converted into Swedish krona, rose 10 percent in June. Sales rose 7 percent in a local currencies in June, matching Barclay’s estimates.The company had 4,517 stores on June 30, 422 more than in the same month last year.The fast-fashion behemoth has continued to increase its investments this year despite a difficult retail environment, expanding its number of stores, pushing into new countries and focusing on an omnichannel mix.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.