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H&M Q4 Profit Rises But Misses Forecasts Amid Margin Pressure

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Stockholm—Fast fashion giant H&M today reported its fourth quarter profit rose 6.1% but missed expectations with “disappointing” margins hit by increased discounting. For the quarter ended Nov. 30, H&M said income rose to 5.61 billion kronor (about $869 million), missing the 6 billion kronor estimate analysts had expected. Net sales …

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H&M’s July Comp Sales Stumble

In Industry News, What's New by Jeff PrineLeave a Comment

Stockholm—U.S.-based retailers aren’t the only ones reporting softening sales. H&M, the world’s second largest fashion retailer, today reported its July comparable store sales measure fell, the first monthly drop since March. Comparable store sales were down 1% in July from July 2012 compared with analysts’ average estimate for a 1% …