New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers

[ad_1] By Reuters API Published Jan 31, 2024 The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target. Daniel Ervér, 42, took the reins at H&M on Wednesday after Helena Helmersson quit in […]

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H&M CEO quits as sales keep sliding, shares drop

[ad_1] By Reuters API Published Jan 31, 2024 H&M‘s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability. Shares in the Swedish fashion retailer dropped 8% as outgoing CEO Helena Helmersson said she had decided to leave the company […]

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