H&M profits drop as retailer pours money into in-store and online improvements

H&M profits drop as retailer pours money into in-store and online improvements

H&M’s profits fell 20 per cent in the third quarter of 2018, despite the Swedish brand recording a 9 per cent increase in sales, helped by a 32 per cent rise in online sales. Revenue rose to SEK 64.800m (£5.59m) despite sales decreasing by 8 per cent in the US, French, Italian and Belgian markets […]