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Clothing & Shoes

H&M Q1 profit boosted by second-hand Sellpy platform

Elsewhere, the group’s portfolio brands – COS, Monki, Weekday, & Other Stories and Arket – developed ‘strongly’ with a sales growth of 19%

H&M has seen operating profit hit SEK 725m (£56.4m) in its first quarter of trading, up from SEK 458m (£35.6m) the prior year, boosted by the earnings of second-hand platform Sellpy. 

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