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Business |ANALYSIS Featured

H&M says Q1’s results “prove turnaround plan is working”

New York - Hennes and Mauritz’s first-quarter results beat expectations on profit and margin, which was argued by the retailer as proof that its turnaround strategy is working. The world’s second-largest clothing retailer reported pre-tax profit of 1.04 billion Swedish crowns for the quarter to February 28, 2019. Although that fell short of the...