71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
By
Reuters
Published
Dec 15, 2008
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H&M Nov sales fall more than expected

By
Reuters
Published
Dec 15, 2008

STOCKHOLM, Dec 15 (Reuters) - Fashion retailer Hennes & Mauritz on Monday posted a larger-than-expected 4 percent year-on-year fall in sales at established stores in November.


This was well below the average 2.1 percent decline forecast in a Reuters poll, in which predictions ranged from a fall of 5 percent to flat sales.

While H&M and Spain-based rival Inditex have weathered a recent deterioration in consumer spending better than some rivals thanks to their focus on price-conscious fashion, they are also feeling the squeeze.

Total sales for the month were up 7 percent from a year earlier, below a forecast increase of 9.2 percent.

"It's a disappointment. They did pretty well in October, and I had hoped for a bit better. Certainly, they are not immune to market developments at the moment, but still doing better than the competition, I would say," said Christian Nagstrup, analyst at Jyske Bank.

"Consumers are hesitant out there, even in H&M stores... But still, they are doing better than the competition ... (The numbers) do indicate they are still taking market share."

Nils Vinge, head of investor relations at H&M, said both figures included a negative impact of around 1 percent from calendar variations.

At 0802 GMT, H&M shares were down 1.47 percent, underperforming a 1 percent rise in the FTSE Eurofirst index.

(Reporting by Anna Ringstrom and Veronica Ek; editing by John Stonestreet)

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