Section

Fast-fashion retailer H&M delayed some campaigns due to Red Sea crisis

By Economic Times - 8 months ago
H&M, the world's second-largest fashion retailer, has delayed some Spring/Summer campaigns due to shipping delays caused by the Red Sea crisis. CEO Daniel Erver stated that the impact on customer availability was minimal. The delays, around two weeks in some markets, are due to ships avoiding the Suez Canal. H&M is monitoring the situation and has taken measures to minimize the impact, including asking suppliers to ship products earlier and speeding up plans to shift production closer to customers.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.