Sweden’s H&M, the second-biggest fashion retailer in the world, has reported its steepest sales growth in three years in local-currency terms in its third quarter and said that its summer collections had been well received.

Sweden’s H&M disappointed investors with a 10% tumble in quarterly profit. The world’s second-largest fashion retailer blamed investment aimed at boosting its online business for the decline.

H&M reported sales growth in the three months to November but doubts about the strength of recovery at the world’s second-biggest fashion group sent its shares down.

Swedish fashion retailer H&M, the world’s No 2 clothes retailer which has over 20 Irish outlets, said it is increasing markdowns after accumulating a record pile of unsold garments worth more than €3.2bn.

High street fashion giant H&M has seen its shares hit a 10-year low after first-quarter profits tumbled following the recent cold snap and moves to slash prices to shift stock.

High street fashion giant H&M has said it is braced for further sales falls across its stores in 2018, but hopes an online push and investment in new brands will deliver a "somewhat better result" than last year.

The picture showed a black boy wearing a hoodie with the slogan ’Coolest Monkey in the Jungle’ across the chest.

Hennes & Mauritz (H&M) said second-quarter price cuts to clear inventory may exceed last year’s, sending the shares tumbling to a four-year low.

Who need Santa with train-drivers like these!

It’s very Wes Anderson.

Budget fashion firm Hennes & Mauritz (H&M) generated a slightly bigger rise than expected in sales last month, offering some support to company guidance that results in the second half of the year were likely to be stronger than in the first.

Shares in Swedish clothing retailer, H&M fell yesterday after the company said sales in April were hurt by unseasonably cool weather in many parts of Europe.

The odd, unconventional looks of today’s most successful models are largely the result of the vision of one woman. Alice Gregory reports.

Victoria Beckham is interested in collaborating with H&M on a clothing range.