H&M warns prolonged Iran war could hit consumers hard
Fact-Check Results
“Retailer H&M warned on Thursday that a prolonged Middle East war could have a 'significant impact' on consumer spending”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm or refute H&M's warning about Middle East war impacting consumer spending
“Shares in the Swedish group slipped as much as 6.6% after soft March sales overshadowed a slightly bigger-than-expected rise in December-February profit”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to verify H&M's share price movement or sales figures mentioned
“A jump in energy prices since the start of the Iran war has fuelled concerns about inflation and cooled consumer demand”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm energy price impacts or inflation concerns related to the Iran war
“CEO Daniel Erver said H&M had not seen a hit to overall demand so far, but warned a sustained crisis could have a 'significant impact' on consumer behaviour”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to verify CEO Daniel Erver's statements about demand and crises
“British rival Next said earlier on Thursday the war would likely dampen demand while pushing up costs and selling prices”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm Next's statements about war impacts on demand and pricing
“H&M, whose customer base is considered more price-sensitive than Zara’s, has struggled to lift sales as shoppers cut back, caught between ultra-cheap online retailers like Shein and Zara dominating the upmarket end of fast fashion”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to verify H&M's market position, competition, or sales struggles
“H&M reported a 26% year-on-year rise in first-quarter operating profit to 1.51-billion crowns (R2.7bn), beating the mean forecast of 1.39-billion crowns in an LSEG poll of analysts”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm H&M's profit figures or analyst forecasts
“Sales measured in local currencies fell 1%, and H&M predicted a rise of 1% in March”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to verify sales figures or H&M's sales predictions
“H&M's impact of the war had been limited by its small sales exposure to the Middle East, where stores are run by franchisees. It is also little affected by airspace closures as it transports most goods by sea and land”
❓
INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm H&M's Middle East sales exposure or logistics strategy