Profits tumble as H&M Group grapples expenses
Drapers Profits tumble as H&M Group grapples expenses Operating profit at H&M Group declined by 22% to SEK 7.1bn (£548m) in the six months to 31 May, due to lower gross margin, which was negatively affected by a more expensive US dollar and higher freight costs. The post Profits tumble as H&M Group grapples expenses appeared first on Drapers.
Drapers
Profits tumble as H&M Group grapples expenses
Operating profit at H&M Group declined by 22% to SEK 7.1bn (£548m) in the six months to 31 May, due to lower gross margin, which was negatively affected by a more expensive US dollar and higher freight costs.
The post Profits tumble as H&M Group grapples expenses appeared first on Drapers.
