STOCKHOLM—Supply disruptions hampered H&M’s sales in September, the Swedish retailer said on Thursday, after its June-August profit surpassed expectations and pre-pandemic levels. Disruptions to the global economy during the pandemic have upset global supply chains, leading to shortages of goods as well as containers, storage and drivers for the transportation of goods, and causing a…
H&M’s Sept Sales Hit by Supply Delays After Profit Tops Pre-Pandemic Level
H&M’s Sales Still Lag Pre-Pandemic Levels as Restrictions Bite
STOCKHOLM—Sales at fashion retailer H&M grew less than expected in the three months to the end of August, staying below pre-pandemic levels as restrictions kept shoppers away from stores. The Swedish group said on Wednesday sales grew 9 percent from a year earlier, or 14 percent in local currency terms, to 55.6 billion crowns ($6.46…
Zara Owner Inditex Outshines H&M as Sales Top Pre-Pandemic Levels
MADRID—Fashion brand Zara owner Inditex has outpaced Swedish rival H&M in its efforts to bounce back from the coronavirus crisis, with second-quarter sales rising above pre-pandemic levels. The world’s biggest fashion retailer’s sales in the quarter edged above levels seen before the pandemic as most stores reopened and people rushed to renew their wardrobe after…
The Man Behind China’s Raging Nationalist Campaigns Against US
Commentary Though it may not be clear that the Chinese Communist Party (CCP) is collapsing for many westerners, the Chinese are quite certain the crash of the Chinese regime is imminent as over 375 million Chinese have quit the CCP and its affiliated organizations. The CCP—which is on the verge of a crisis—has again raised…
Opinion: The Man Behind China’s Raging Nationalist Campaigns Against the US
Commentary Though it may not be clear that the Chinese Communist Party (CCP) is collapsing for many westerners, the Chinese are quite certain the crash of the Chinese regime is imminent as over 375 million Chinese have quit the CCP and its affiliated organizations. The CCP—which is on the verge of a crisis—has again raised…
The Man Behind China’s Raging Nationalist Campaigns Against the US
Commentary Though it may not be clear that the Chinese Communist Party (CCP) is collapsing for many westerners, the Chinese are quite certain the crash of the Chinese regime is imminent as over 375 million Chinese have quit the CCP and its affiliated organizations. The CCP—which is on the verge of a crisis—has again raised…
Investors Press Companies on Human Rights in Xinjiang
BOSTON/LISBON—A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China’s Xinjiang region, highlighting the challenges for brands trying to maintain their business ties amid rising tensions. The group of more than 50 investors, backed by the Interfaith Center on Corporate…
CCP Inciting Nationalism Can’t Get It Out of Diplomatic Dilemma
Commentary The Chinese Communist Party (CCP) is suddenly caught in a diplomatic dilemma with the United States and the European Union and knows that it cannot resolve it. What is worse, it is not able to explain it domestically. Once again, it has to take the path of inciting nationalism in an attempt to cover…
H&M Vanishes From Chinese Ride-Hailing App Didi After Xinjiang Backlash
March 26, 2021
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SHANGHAI—China’s top ride-hailing app Didi Chuxing has dropped H&M from its listings, joining a backlash over comments made by the Swedish fashion retailer last year about labor conditions in Xinjiang province. Search results for the clothing store chain in the app for all of China’s major cities yielded no results on Friday. Didi Chuxing did…
China Pressures Global Apparel Brands to Recant Stance on Xinjiang Forced Labor
March 25, 2021
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The Chinese regime is waging war on Western apparel brands amid a global fallout over its genocide against Uyghurs in the Xinjiang region. Undeterred by growing international condemnation over its rights abuses, Beijing is pressing Western companies to reverse their position on Xinjiang. The regime has dredged up past statements made by companies—some up to…
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