Clothing & Shoes
H&M profits fall in Q2 amid rising costs
The company cited a stronger US dollar, high freight costs, and investments in its customer offering as the main factors affecting margins
H&M has seen its operating profits fall to SEK 5.9bn (£465m) in Q2, down from SEK 7.1bn (£560m) the prior year, as the group was hit by higher costs, store closures and lower sales.
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