ASOS Shares Slump After Retailer Confirms Talks to Amend Credit Facility

By Scott Kanowsky — Shares in ASOS PLC (LON:) fell sharply in early trading on Monday after the British online fashion retailer confirmed over the weekend a report that it is in negotiations with its lenders over changing the terms of its £350M borrowing facility. In a statement released on Saturday, the U.K-based firm said … Read more

H&M Shares Slide as Retailer Unveils Cost Cutting Plan to Counter Market Headwinds

By Scott Kanowsky — Shares in H & M Hennes & Mauritz AB B (ST:) dipped in early trading on Thursday after the Swedish fast fashion brand unveiled a major new cost cutting strategy in response to lower-than-expected . The world’s second-biggest fashion retailer said it will initiate a plan to “streamline” the business, with … Read more

Inditex Shares Jump as Retailer Raises Inventory Levels

By Scott Kanowsky — Madrid-listed shares in Industria de Diseño Textil SA (BME:) rose in early European trading on Wednesday after the Spanish retailer announced that it has increased its inventory of items to offset potential supply chain constraints in the second half of 2022. The Zara parent said the value of inventory inflows … Read more