Online drives H&M profit recovery – but sales still lag pre-Covid era
Inside Retail
JANUARY 28, 2022
In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 By quickly taking decisive action we have succeeded in managing the negative effects of the pandemic,” she said. “We Gross margin rose by 2.8
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