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Unexpected Rise in Q4 helps H&M to Set New Growth Target
Swedish fashion retailer H&M dropped on Tuesday, a growth target in favour of a turnover target to reflect growing online sales. It reported a small increase in pretax profit for the September-November period. Pretax profit in H&M’s fiscal fourth quarter unexpectedly rose following five consecutive quarters of falling profits, to 7.4 billion crowns ($839 million) […]
appareltalk- January 31, 2017
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