H&M has been making some progress reducing its high inventory level, which stood at 40 billion kronor at the end of June
GENEVA: Hennes & Mauritz AB’s sales gained for a sixth consecutive quarter as the Swedish retailer tries to reduce a buildup of inventory and end a three-year slump in earnings.
Sales rose 12% to 62.6 billion Swedish kronor (US$6.5bil) in the three months through August.
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