First profit increase in two years for H&M
H&M’s shares are up 56% in 2019 after hitting a 13-year low in 2018, though they remain at about half their peak levels hit in 2015
03 October 2019 - 12:41
Stockholm — H&M posted its first rise in quarterly pretax profit in more than two years on Thursday as the world's second-biggest fashion retailer said its drive to meet rapid changes in the market were on track.
H&M has been spending heavily on reviving its business after years of falling profits and growing inventories due to slowing sales at its core H&M branded stores...
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