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H&M Profit Target in Spotlight as Cost-Cutting Gathers Pace

H&M Profit Target in Spotlight as Cost-Cutting Gathers Pace
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H&M profit target in spotlight as cost-cutting gathers pace

Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M, which sold more than $22 billion in clothing and accessories in its 2023 financial year, aims to reach an operating margin of 10% by the end of 2024. Faced with falling sales, the retailer with around 4,300 global stores is intensifying cost-cutting, prioritising profitability over revenues. ....

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H&M profit target in spotlight as cost-cutting gathers pace, Retail News, ET Retail

H&M, which sold more than $22 billion in clothing and accessories in its 2023 financial year, aims to reach an operating margin of 10% by the end of 2024. Faced with falling sales, the retailer with around 4,300 global stores is intensifying cost-cutting, prioritising profitability over revenues. ....

Nord Trøag , City Of , United Kingdom , United States , Red Sea , Djibouti General , Alex Romanenko , Andreas Lundberg , Adil Shah , Pearson Ham Group , China Founded Shein , Zara Owner Inditex , Pearson Ham , H Amp M , Andreas Lundberg , Alex Romanenko , Apparel Retailers ,

H&M Profit Target in Spotlight as Cost-cutting Gathers Pace

Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M, which sold more than $22 billion in clothing and accessories in its 2023 financial year, aims to reach an operating margin of 10% by the end of 2024. Faced with falling sales, the retailer with around 4,300 global stores is intensifying cost-cutting, prioritizing profitability over revenues. ....

Nord Trøag , Red Sea , Djibouti General , United States , Adil Shah , Alex Romanenko , Andreas Lundberg , Pearson Ham Group , China Founded Shein , Zara Owner Inditex , Pearson Ham ,

Chaos in the Red Sea Is Starting to Bite Into Companies' Profits

Chaos in the Red Sea Is Starting to Bite Into Companies' Profits
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