- FashionUnited
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What’s going on in the world of fashion this week? FashionUnited takes a
look ahead at the upcoming news and events for the 51st week of the year.
Below are the main points from the editorial agenda in the period between
16 – 22 December, 2019.
Edited sustainability report
Edited and Zilingo have partnered together to publish a report shedding
light into the state of sustainable fashion with valuable data insights.
FashionUnited will give you a comprehensive rundown of the report’s key
findings.
H&M Q4 (16 December)
Net sales at H&M increased by 12 percent to 62,572 million Swedish krona
(6,334,4 million dollars) in the third quarter, while net sales in the
nine-month period increased by 11 percent to 171,061 million Swedish krona
(17,317 million dollars). The company will publish its Q4 results on
Monday.
Sports Direct H1 (16 December)
For the year to the end of April, Sports Direct group revenue increased
by 10.2 percent to 3,701.9 million pounds (4,577.8 million dollars) with UK
Sports Retail increasing by 0.3 percent to 2,187.3 million pounds (2,704.8
million dollars). The company said underlying profit before tax increased 5
percent to 143.3 million pounds (177.2 million dollars), due to the
inclusion of House of Fraser, but offset by lower depreciation and
amortisation charges. The company will publish its first-half results on
Monday.
Nike Q2 (19 December)
For its first quarter to August 31, 2019, Nike, Inc. said, revenue
increased to 10.7 billion dollars, up 7 percent on a reported basis and 10
percent on a currency-neutral basis, driven by growth across all
geographies. The company added that diluted earnings per share for the
quarter were 86 cents, an increase of 28 percent driven primarily by strong
revenue growth and gross margin expansion. The company will publish its
second-quarter results on Thursday.
