H&M's fiscal first quarter sales fell short of expectations, rising just 2% to 55.33 billion SEK, as increased markdowns and competition from rivals like Zara and Shein weigh heavily on the brand. CEO Daniel Ervér remains optimistic for future growth despite recent challenges.
American Eagle warns investors of a slower-than-expected start to 2025 amid declining consumer spending and economic uncertainty. Shares fell 5% as cautious guidance raises concerns about the retail sector's health.
