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H&M misses sales target as cost-cutting leaves retailer understocked
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H&M misses sales target as cost-cutting leaves retailer understocked
H&M slumped to lower than expected sales and profit as the retailer warned that its cost-cutting drive is leaving some stores unable to keep up with demand. The Swedish-listed firm took 54.8bn kronor (£4.2bn) in sales in the three months to the end of May, flat year on year. Its operating profit jumped by 11 [...]
25 Jun, 09:30
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