The Latest Breaking News from Helena Helmersson

H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter.

Upbeat figures from discounter and fashion chain follow similar updates from Next and Primark

Inflation and rising shipping costs has forced retailers to implement return fees

Inflation and rising shipping costs has forced retailers to implement return fees

One customer who queued up outside an H&M outlet said she was ‘going to buy whatever there is’

H&M Group said on Monday it will wind down its business in Russia which will cost almost $200 million and affect 6,000 staff as it joins a growing number of companies fully exiting the country. Russia was H&M's sixth-biggest market and the company was increasing its store count there while…

Sweden's H&M, the world's second-biggest fashion retailer, on Wednesday reported a 33% growth in quarterly profit which beat expectations, as shoppers flocked to its stores in the aftermath of the pandemic. The company reported a pretax profit of 4.78 billion Swedish crowns ($470.76 million) in the second quarter, up from…

Earlier this month, the company paused all sales in Russia, Belarus and Ukraine, affecting 185 stores.