Flash Report 3 minutesRegister for Free AccessH&M Appoints New CEO as Chairman Steps Down; Company Reports Profit Rise Coresight Research January 31, 2020 Executive SummaryH&M announced management changes and FY19 earnings. Stefan Persson will step down as H&M Chairman, to be replaced by current CEO Karl-Johan Persson—who in turn will be replaced by current Chief Operating Officer Helena Helmersson. Under Karl-Johan Perrson’s leadership, H&M grew store numbers aggressively, began selling online in most of its markets and launched a number of additional banners. But, after seeing growth slow, the company launched a turnaround plan in 2018. H&M reported its first annual rise in net profit since 2015. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: The State of In-Store Retailing: Opportunities To Redefine OperationsUS Apparel and Footwear—Retail 2024 Sector Outlook: While Resilience Remains, E-Commerce Continues To Cede Share to Physical StoresDecember 2022 US Retail Traffic and In-Store Metrics: Traffic Growth Turns PositiveEarnings Insights 3Q23, Week 2: Crocs, CVS and Colgate-Palmolive Report Strong Results; Carter’s, Clorox, Estée Lauder and VF Corporation See Sales Decline
