Apparel and Textile News Retail News

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) […]