7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

H&M shares drop as quarterly sales fail to impress

An H&M store in New York, on Nov. 15, 2019.Mike Segar/Reuters

Shares in H&M, the world’s second-biggest fashion retailer, fell almost 6 per cent on Thursday as net sales for the September-November quarter failed to match a recent pick up in some analysts’ expectations.

H&M, which has struggled to keep up with bigger rival Zara, last month became the first big European retailer to lay off staff in response to the cost-of-living crisis as it tries to save 2 billion Swedish crowns ($196-million) a year.

Net sales for September-November, H&M’s fiscal fourth quarter, rose 10 per cent to 62.5 billion Swedish crowns ($6.1-billion), up from 56.8 billion crowns a year ago. Analysts polled by Refinitiv had on average forecast 62.17 billion crowns.

“This is a slightly disappointing update in the context of expectations which had drifted higher in recent weeks amid somewhat better market data from Germany and Sweden,” said J.P. Morgan analysts in a research note.

“Furthermore, we would note that a performance of flat sales versus pre-crisis levels (with a weaker exit rate) comes in stark contrast to performance reported by Inditex yesterday,” it said.

Zara owner Inditex on Wednesday reported a 19 per cent jump in net profit for the nine months from February to October but said sales growth had slowed to 11 per cent in the final three months of that period, reflecting a weakening consumer environment.

H&M profits won’t be revealed until full results for the period are released on Jan. 27, said Jefferies analyst James Grzinic.

“We won’t know until late January the full extent to which pressured gross margins and accelerating opex (operating spending) inflation conspired to hit earnings delivery,” Grzinic wrote.

H&M said it had wound up its operations in Russia and Belarus during the quarter with the last stores having closed on Nov. 30.

“During the quarter around 25–50 stores in China were temporarily closed due to new COVID outbreaks,” it said in a statement.

Measured in local currencies, sales in the quarter were unchanged, it said.

H&M’s share price is down by 36 per cent year to date, lagging a 12.8 per cent drop in Stockholm’s benchmark stock index and an 11.3 per cent decline for Inditex.

https://www.tausiinsider.com/hm-shares-drop-as-quarterly-sales-fail-to-impress/?feed_id=328198&_unique_id=641c4e3fed8b0

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