Popular fashion chain stores: a competitor of HM slips in the red

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For the first time, the popular textile dealers has slipped for many years in the red. The company operates worldwide via 7.290 stores, with popular brands Zara, Bershka, Pull & Bear, Oysho, Massimo Dutti and Stradivarius.

The bottom line is, the loss for the until the end of April, ran with the first quarter of 409 million euros, after a year had ever generated a profit of 734 million euros, as the company announced.

Contributed to the high Minus a provision for the continued restructuring of the group. Without this, the loss would have amounted to 175 million euros. For the Spaniards, the first quarterly loss since its IPO in 2001.

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