Weather exposes holes in H&M, Next clothing order chains

September 15, 2016 By creative

STOCKHOLM/LONDON (Reuters) – European fashion retailers blamed the weather for below-forecast figures on Thursday as Hennes & Mauritz sales were hit by a hot second half of August and Britain's Next discounted stock in July after a warm winter and cold spring. Zara-owner Inditex , by contrast, copes better because it can whisk the latest trends from runway to stores in a matter of days from its factories in Europe. Next shares were down 4 percent at 1324 GMT and H&M also slipped 4 percent, dragging Britain's Marks and Spencer , which fell 2.4 percent, and German online fashion retailer Zalando , down 1.4 percent.

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Weather exposes holes in H&M, Next clothing order chains

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Top fashion CEOs fear rising costs from climate change

December 3, 2015 By admin

The chief executives of seven top clothing companies, including Hennes & Mauritz Gap and Adidas , are calling on governments to agree a strong climate change deal, saying they fear global warming will drive up their costs. Almost 200 nations are meeting in Paris until Dec. 11, trying to work out a deal to limit a rise in temperatures blamed on increasing emissions of greenhouse gases. “We come together to acknowledge that climate change is harming the world in which we operate,” read the joint declaration, also signed by heads of Levi Strauss, Timberland-owner VF Corp , Eileen Fisher and Burton Snowboards.

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Top fashion CEOs fear rising costs from climate change

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