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In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its netprofit nearly seven-fold to US$1.5 per cent on the pre-pandemic 2018-19 year. billion in the year to November 30, on sales up just 6 per cent to $21.13 Gross margin rose by 2.8
Industry experts said retailers that have benefited from de minimis now face a critical choice: pass on the additional costs to consumers, potentially eroding their competitive pricing and market share, or absorb the costs internally, hurting their netprofitability. A repeat of 2018?
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