Fashion retailer H&M’s sales jump, but investors fret over margins
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Reuters UK
Reuters UK
By Anna Ringstrom STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, posted a forecast-beating 17% jump in March-May sales, joining main rival Inditex in reporting a rebound in demand as pandemic restrictions have eased. Sales were, however, still lower than before the pandemic began. Investors also voiced concerns over profit margins ahead of H&M’s full quarterly earnings report due on June 29. H&M in March flagged price hikes to compensate for higher raw material and transport costs. Meanwhile, souring consumer confidence in Europe and stores that were closed in Russia du…
