Swedish fashion retailer Hennes & Mauritz (H&M) posted a profit fall for the March-May period roughly in line with forecasts, and said sales in June 1 to 21 were up seven per cent in local currencies.

Dented by currency translation effects and markdowns, pretax profit in H&M’s fiscal second quarter fell to 7.00 billion crowns from a year-earlier 8.44 billion, against a mean forecast of 6.97 billion.

H&M-Q2-Pretax-Profit-Shrinks

http://www.indian-apparel.com/blog/wp-content/uploads/2016/06/HM-Q2-Pretax-Profit-Shrinks.jpghttp://www.indian-apparel.com/blog/wp-content/uploads/2016/06/HM-Q2-Pretax-Profit-Shrinks-180x180.jpgApparel TalkApparel and Textile NewsTrade InformationH&M,Hennes & Mauritz,Swedish fashionSwedish fashion retailer Hennes & Mauritz (H&M) posted a profit fall for the March-May period roughly in line with forecasts, and said sales in June 1 to 21 were up seven per cent in local currencies. Dented by currency translation effects and markdowns, pretax profit in H&M's fiscal second quarter...Indian Apparel Blog that talks about Apparel & Textile News, Events and Fairs