Hennes & Mauritz OF reported a 16 percent drop in third-quarter sales in local currencies and said he expects to post a profit for the period as activity rebounded faster than expected. “data-reactid =” 19 “>PARIS Hennes & Mauritz OF reported a 16% decline in third-quarter sales in local currencies and said he expects to post a profit for the period as business rebounded faster than expected.
H&M GroupThe recovery is better than expected, the Swedish fast fashion retailer said in a statement. “data-reactid =” 20 “> Thanks to popular collections and rapid and decisive actions, the H&M GroupThe recovery is better than expected, the Swedish fast fashion retailer said in a statement.
“data-reactid =” 28 “> Net sales for the three months ending August 31 were 50.87 billion Swedish kronor, or $ 5.81 billion, down 19 percent when converted to Swedish crowns.
“data-reactid =” 29 “> The retailer started the quarter with the closure of 900 stores on a network of 5,000, by the end of the period, 200 were closing.
H&M expects a pre-tax profit of SEK 2 billion in the third quarter, which it will release on Oct. 1, thanks to more comprehensive sales and strong cost control efforts, according to the group.
The retailer reported a loss in the first half as the coronavirus crisis took a heavy toll on business, and outlined plans to focus on digital channels and accelerate store closings. Sales of reopened stores have recovered faster than expected by the group.
Fast-fashion retailers usually revisit their global retail networks, eliminating underperforming stores and opening new ones, but H&M has stepped up the pace of closings and reduced planned openings, and in June projected a net decrease in ‘approximately 40 locations.
Inditex has focused on its digital prowess to navigate a hectic environment and is investing nearly € 3 billion over the next two years to strengthen its digital platforms and integrate online store and stock. The Spanish retailer is also sticking to its strategy of selecting small stores to focus on larger, more refined flagship products. The COVID-19 disruptions have not called for a review of this approach, executives said. “Data-reactid =” 33 “> Rival Inditex has focused on its digital prowess to navigate a hectic environment and is investing nearly € 3 billion over the next two years to strengthen its digital platforms and integrate online store and stock. The Spanish retailer is also sticking to its strategy of selecting small stores to focus on larger, more refined flagship products. The COVID-19 disruption did not call for a review of this approach, executives said.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]