Jan 31, 2024
H&M shares took a hit on January 31st, dropping by 9% following weaker sales and a surprise CEO exit. The fashion retailer’s stock price reached its lowest point in over two years, resulting in a loss of approximately $1.5 billion in market value. The company’s fourth-quarter results revealed a 10% decline in sales, which was […]
H&M Struggles: CEO Exit and Online Shopping Impact Fashion Retailer's Future #CEOexit #companyleadership #ecommercepresence #fashionretailers #HMshares #industryobservers #onlineshopping #profitmargins #retaillandscape #underperformingstores
