Fashion Retailer H&M’s Profit Tumbles As Costs Bite

Fashion Retailer H&M’s Profit Tumbles As Costs Bite

Jan 27, 2023

Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in

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