H&M operating profit jumps despite flat sales
H&M has reported a 23 per cent rise in third-quarter operating profit to £461m (SEK 6.0bn) boosted by lower costs and improved purchasing.
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H&M has reported a 23 per cent rise in third-quarter operating profit to £461m (SEK 6.0bn) boosted by lower costs and improved purchasing.
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Net sales for the third quarter represented a 1% increase in local currencies despite operating with fewer physical stores
The H&M Group is seeing its cost savings and more efficient sourcing have an increasingly significant impact on its profits. The Swedish fashion group reported…
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more…
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