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H&M September sales dip, sending shares lower

2014-09-26 02:13:24| Appliances - Topix.net

Sweden's Hennes & Mauritz AB said an unusually warm September across its core markets pegged back sales of its fall clothing range, getting its fiscal fourth quarter off to a slow start. The news of sluggish sales at the cheap and chic retailer wrong-footed investors, leading to a 3.6% fall in H&M's share price in Stockholm.

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H&M September Sales Rose at Slowest Pace in Year on Warm Weather

2014-09-25 14:28:00| Appliances - Topix.net

Hennes & Mauritz AB said September sales growth advanced at the slowest pace in a year as warm weather in many markets held back shoppers from updating their autumn wardrobes. The shares fell the most in six months as the clothing retailer also reported a decline in third-quarter gross margin to 58.3 percent from 58.8 percent.

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US home sales plunge in September, high mortgage rates blamed

2013-10-28 16:15:36| Real Estate - Topix.net

The number of Americans who signed contracts to buy homes fell in September to the lowest level in nine months, reflecting higher mortgage rates and home prices that have made purchases more costly.

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UK: September retail sales rise welcomed

2013-10-17 16:35:32| Daily apparel & textile news and comment - from just-style.com

Retail sales in the UK reported a "welcome" increase during September, according to figures released by the Office for National Statistics (ONS).

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US: Gap September comparable store sales drop 3%

2013-10-11 12:53:00| Daily apparel & textile news and comment - from just-style.com

Sales declines at all three of its brands led specialty clothing retailer Gap Inc to report a 3% fall in comparable store sales during September.

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