Sponsors
▼ Professional Services
Ezra Brutzkus Gubner LLP
Ezra Brutzkus Gubner LLP is a boutique business law firm based in Wood
More...
More...
► News from other sources
► Industry Insight
► What our readers say...
H&M not immune to recession
By TIFFANY MONTGOMERY
October 15, 2009 05:50 AM
October 15, 2009 05:50 AM
Swedish fashion chain H&M reported today an 8% decline in same-store sales for the month of September. Same-store sales measure stores open for at least a year and are considered a key measure of a retailer's health.
Total sales fell 1% in local currencies.
H&M, a "fast fashion" leader, is one of the industry competitors that is hurting industry juniors sales because it offers more fashionable clothing at lower prices, many retailers and action sports executives have told me.
H&M operates 1,869 stores around the world.
Articles you might have missed
▼ Industry Releases
- K-5 hosts 12th annual Game of Skate
- Obermeyer names Director of Technology
- Photos from IVI party launch
- SIA: Snow season finished down
- European woes hurt Abercrombie results
- Visualante releases line of camera bags
- Retailers mark 22 months of growth
- Dyrdek and Street League help build new park
- Baptiste Caulonque new GM of Oxbow
- VonZipper teams up with the Sea Shepherd
- SES Pages
- Home
- About Us
- Archives
- Industry Insight
- Contact Us
- Sponsors
- SES Topics
- Executive Edition
- Videos
- Surf
- Skate
- Snow
- Executive Moves
- Moto
- Financial news
- Trade Shows
- Retail
- SES Friends
- RacerX
- Surfing Heritage Found.
- The Rookery
- Surfline
- groupY
- Apparel News
- Int'l Surfing Museum
- Taylor Digital
- SES Sponsors
- Displayit
- ChopShop
- Ei-Lo
- Turtle Bay Resort
- Moss Adams
- A52 Warehouse
- KNOW?SHOW
- S.L.A.T.E.
SES Authors
Developed by Taylor Digital
© Shop-Eat-Surf, LLC, 2008-2012. All rights reserved.
