|Bid||33.38 x 342600|
|Ask||33.39 x 122100|
|Day's range||33.33 - 33.50|
|52-week range||29.83 - 36.90|
|PE ratio (TTM)||31.92|
|Earnings date||20 Sep 2017|
|Dividend & yield||0.35 (0.93%)|
|1y target est||N/A|
Swedish fashion retailer H&M will struggle to hit its sales target this year after falling short in the first half and as key markets such as China and the United States remain challenging, it said on Thursday. After decades of strong growth, H&M has repeatedly missed sales forecasts over the past year, with earnings squeezed by heavy investment and stiff competition from budget rivals such as Primark and online firms Zalando (Swiss: OXZALG.SW - news) and Asos (LSE: ASC.L - news) . CEO Karl-Johan Persson told Reuters it was looking "tough" to reach a target given in January for 10 percent to 15 percent sales growth this year after first-half sales came in lower than H&M had expected.
Emilio Saracho, former chairman of failed Spanish lender Banco Popular, was re-elected on Thursday as a non-executive director at IAG, the owner of British Airways and Spanish airlines Iberia and Vueling, ...
H&M reported weaker-than-expected second quarter sales Thursday, increasing investor concern that the fashion retailer will struggle to gain ground against its ever-expanding rival Inditex SA IDEXY .