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What's Pulling H&M Down
H&M, the clothing retailer, disappointed markets as its second quarter earnings were hit by the strength of the Swedish Krona and by chilly weather.
Net income dropped 11% in the three months ended May.
However, the outlook for the cheap chic clothes brand looks brighter for the rest of the year.
00:58 minutes
Tags: clothes, currencies, fx, h&m, income, investment, krona, markets, net income, retail, retail sales, retailers, sweden
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