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Messagepar gsnoopy520 » Jeu 25 Avr 2019, 10:20 am

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Swedish clothing giant Hennes & Mauritz on Friday said sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online.


H&M CEO Karl-Johan Persson said in a statement that the company's ""online sales and sales of the group's other brands continued to develop well"" but that physical stores ""were negatively affected by a continued challenging market situation with reduced footfall to stores due to the ongoing shift in the industry"".


Sales between September and November dropped by four per cent compared to the same period last year to 50.4 billion kronor (5 million euros Milan Lucic Womens Jersey , US$5.9 million). In local currencies, sales fell by two per cent.


On Friday morning, the company's share price plunged by 15 per cent in the Stockholm Stock Exchange.


""In order to respond even quicker to customers' fast-changing behaviour the company's ongoing transformation journey is being accelerated,"" Persson said.


""This includes continued integration of the physical and digital stores, and intensifying the optimisation of the H&M brand's store portfolio - leading to more store closures and fewer openings Darnell Nurse Womens Jersey ,"" he added.


The group did not specify exactly how many stores would be closed and where.


H&M had announced earlier this year that it would open physical stores around the world to compensate for the downturn due to fierce competition from online sales platforms.


H&M group, which owns other popular brands such as COS, Monki and Weekday, has 4,553 physical stores around the world as of Aug 31.


Agencies

" Textile Colourant market set to reach US$ 4 Tobias Rieder Womens Jersey ,781.2 Mn revenues by 2026

by harsh143 · November 18, 2018

Research Report Insights (RRI) delivers key insights on the Textile Colourant market in its latest report titled, 鈥淭extile Colourant Market by 2026鈥? According to the report, the global textile colourant market is projected to expand at a healthy CAGR of 4.8% during the forecast period in terms of revenue.

The global textile colourant market is projected to register a CAGR of 4.8% in terms of value and 3.5% in terms of volume during the forecast period 2016-2026. On the basis of regions, Asia-Pacific excluding Japan is estimated to be the largest market for textile colourant by 2026 Ryan Strome Womens Jersey , accounting for 37.7% value share of the global textile colourant market in 2016. The region continues to dominate the market and is expected to continue to do so throughout the forecast period. Whereas, MEA is estimated to account for 3.1% value share in 2016, with growth rate of 4.9% over the forecast period. The markets in North America and Western Europe are anticipated to contribute majorly to the global textile colourant market, owing to high investments in textile colourant development and manufacturing across these regions.


Report For Sample with Table of Contents@ On the basis of application, the apparel segment is anticipated to account for US$ 4 Adam Larsson Womens Jersey ,781.2 Mn by 2026, expanding at the substantially high CAGR of 5.0% over the forecast period with relatively high value share of 50.3%. Followed by household segment with value share of 26.1% in 2026 with CAGR of 4.8%.

On the basis of dye type, reactive dye segment accounts for relatively high volume share i.e. 28.7% in 2016 with CAGR of 3.8%. Whereas, In terms of value, direct dye segment have the relatively low share of 10.7% in 2016 with CAGR of 4.2%.

On the basis of product form Kris Russell Womens Jersey , liquid segment have the significant value share of 38.0% in 2016 which is expected to increase to 39.3% by 2026 with CAGR of 5.1%. Whereas, granules segment account for relatively low volume share i.e. 11.5% in 2016 which is expected to decrease to 11.2% by 2026 with CAGR of 3.2%.

On the basis of fiber type, cotton segment have the relatively high volume share i.e. 25.4% in 2016 which is expected to increase to 25.6% by 2026 with CAGR of 3.6%. In terms of value, acrylic segment is expected to expand with relatively high CAGR of 5.1% over the forecast period and accounts for 9.2% in 2016 which is expected to increase to 9.5% by 2026.

The textile industry in developing regions has witnessed rapid growth due to low labour costs and adequate infrastructure. This has increased demand for textile chemicals in the region. For Instance, in 2014 Wayne Gretzky Womens Jersey , Asia Pacific accounted for approximately 53% of the global textile chemicals market. Moreover, the growth of textile colourants market in Asian countries such as Bangladesh, Vietnam, Indonesia and Cambodia is expected to register relatively high growth rate. The textile chemicals industry is fragmented, comprising several large and small players. The major players have well developed supply chain network in the region leading to strong supply and availability of textile chemicals at reasonable prices for end-users in the market. The major textile colourants companies have set-up their research and development facilities in regions including Asia Pacific Connor McDavid Womens Jersey , North America, and Western Europe. The emphasis is on developing chemicals that are eco-friendly, energy efficient and at the same time are cost effective. Moreover, efforts are focused on developing multi-functional chemicals. Textile chemicals are a class of specialty chemicals that are used in various processes involved in the textile and fabric processing. For instance, in 2014 Leon Draisaitl Womens Jersey , textile chemicals account for around 2% of the US$ 785.0 Bn global specialty chemicals market. The global textile chemicals market was estimated around US$ 15.0 Bn.


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