Tag Archives: H & M Hennes & Mauritz AB

26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
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