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Hennes & Mauritz reports strong profit growth in first quarter despite sales decline
The Swedish apparel group Hennes & Mauritz AB (H&M) experienced a significant decline in sales in the first quarter of the 2025/26 financial year, largely due to negative currency effects. However, the parent company of brands such as H&M, Cos, Weekday, & Other Stories and Arket managed to significantly increase its profit. This was revealed in...
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BusinessMember
Next's annual profit rises 14.5 percent amidst strong international performance
UK-based retailer Next has reported a significant increase in profitability for the year ending January 2026, driven by a surge in overseas online sales and improved margins. The group’s profit before tax reached 1,158 million pounds (1,547 million dollars), marking a 14.5 percent increase compared to the previous year. Statutory profit before...
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