Friday, February 1, 2019

H&M to shutter 160 stores amid profit slump

Retail Dive
H&M on Thursday said that fourth quarter net sales rose 12%. Online sales rose 24%.

For the full year, net sales rose 5% with sales and market share rising in most markets during the second half, the company also said. Online sales rose 22%, reaching 14.5% of total sales. . . . more