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Swedish clothing giant Hennes & Mauritz on Friday said sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online.
H&M CEO Karl-Johan Persson said in a statement that the company's "online sales and sales of the group's other brands continued to develop well" but that physical stores "were negatively affected by a continued challenging market situation with reduced footfall to stores due to the ongoing shift in the industry".
Sales between September and November dropped by four per cent compared to the same period last year to 50.4 billion kronor (5 million euros http://www.cheapchinaairmaxshoes.com/ , US$5.9 million). In local currencies, sales fell by two per cent.
On Friday morning, the company's share price plunged by 15 per cent in the Stockholm Stock Exchange.
"In order to respond even quicker to customers' fast-changing behaviour the company's ongoing transformation journey is being accelerated," Persson said.
"This includes continued integration of the physical and digital stores, and intensifying the optimisation of the H&M brand's store portfolio - leading to more store closures and fewer openings cheap air max 270 ," he added.
The group did not specify exactly how many stores would be closed and where.
H&M had announced earlier this year that it would open physical stores around the world to compensate for the downturn due to fierce competition from online sales platforms.
H&M group, which owns other popular brands such as COS, Monki and Weekday, has 4,553 physical stores around the world as of Aug 31.
Agencies
Robotic Rehabilitation and Assistive Technologies Market is likely to be Worth US$ 2 cheap air max 95 ,290.3 mn by the end of 2025
by Metcarl · February 19, 2019
This makes the global robotic rehabilitation and assistive technologies market fragmented. Some of the leading players in the market are: Vincent Medical cheap air max 97 , Ekso Bionics, Accuray Incorporated, Mazor Robotics, DIH Technologies Corporation, Reha-Stim Medtec GmbH & Co. KG cheap air max 90 , Intuitive Surgical, Inc, AlterG, Inc., Instead Technology Ltd. cheap nike air max shoes , and Bionik Laboratories Corp.
According to Transparency Market Research (TMR), the global robotic rehabilitation and assistive technologies market will be worth US$2,290.3 mn by 2025, expanding at a 13.1% CAGR from 2017 to 2025. On the basis of application, the surgery segment led the market. This segment is anticipated to continue to lead in the years to come. By geography cheap air max shoes , the market is will witness highest growth in Asia Pacific on account of the growing pool of geriatric population. Asia Pacific market for robotic rehabilitation and assistive technologies is expected to exhibit a 15.3% CAGR between 2017 and 2025, with Japan being the foremost revenue generator. The high cost however, will limit the adoption of robotic rehabilitation and assistive technologies by emerging economies in the region.
High Demand for Surgical Assistance During Complex Procedures Predicted
The use of robotic rehabilitation and assistive technologies has just begun in the healthcare industry. Surgical robots are of much assistance during surgeries when surgeons perform complex and minimally invasive procedures. Robots are also assisting doctors in boosting accuracy during radiation treatment for cancer patients as well as assist with rehabilitation of disabled patients. Robotic rehabilitation and assistive technologies have immense growth opportunities and holds much promise in the healthcare area. As per the lead author of this report, 鈥渢he growing instance of strokes which in turn renders people bed-ridden or in a way takes away their ability to move to some degree, will be a key factor boosting the growth of the robotic rehabilitation and assistive technologies market.鈥?p>
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Rapid Improvement and Advancements in Technology to Accelerate Growth
The market is also driven by the surge in the geriatric population worldwide. Aged people are also in limited in their ability to move cheap nike air max , to some degree and this will create a need for robotic rehabilitation and assistive technologies. The technological advancements occurring in the field has led to a more efficient use of motors and light materials. Advancements and innovations have also resulted in sophisticated control, improved safety mechanisms, and power backup.
High Cost of Robotic Rehabilitation and Assistive Technologies to Pose a Challenge
On the other hand, it is predicted that the steep price will go against the growth of the market as it will limit the adoption rates, especially in cost sensitive regions of the world. The cost to performance ratio may not be feasible on account of the high cost of development and relatively low benefit for hospitals or patients will hamper adoption rates. However cheap air max , some relief can be expected on account of the improvement in production methods as well as due to favourable reimbursement policies.
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This review is based on the findings of a TMR report, titled, 鈥淩obotic Rehabilitation and Assistive Technologies Market (Type 鈥?Assistive Robot and Rehabilitation Robot; Portability 鈥?Standalone and Mobile; Application 鈥?Surgery, Cognitive, and Motor Skill The. Cheap Jerseys China Cheap Jerseys Cheap Jerseys China Wholesale Cheap Jerseys Free Shipping Wholesale Jerseys China Free Shipping Wholesale NBA Jerseys From China Wholesale MLB Jerseys Online Wholesale NCAA Jerseys China Free Shipping Wholesale NFL Football Jerseys Wholesale NCAA College Jerseys |
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