News / H&M interim profits hit by blip in supply chain from new logistics system

27/09/2018

Swedish fashion giant H&M saw third-quarter sales in some of its key markets “nosedive” after problems with a new logistics system.

While global group sales grew 9% year on year to reach Skr64.8bn ($7.35bn), sales in the US, Belgium, France and Italy declined by 8%.

It blamed a new logistics ...

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