Tag: #HM

H&M Abandons 2024 Margin Target as Costs Hurt Profit

In a notable shift, H&M has decided to abandon its profit margin target for 2024, as mounting costs and increased discounting strategies continue to impact its financial performance. The Swedish retail giant, now the world’s second-largest listed fashion retailer, revealed these developments while grappling with heightened competition and an evolving market landscape. During the third […]

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