Signs of progress at H&M as online retail platform rollout is completed?
It’s a sign of the times in the febrile retail sector that a company can announce a hefty store closure program on the back of a drop in profits and see its share price soar by nearly 16%. An uncharitable reading might be that it’s a reflection that things weren’t as bad as investors expected; a more positive one would be that there are - finally - signs that a long-vaunted turn-around strategy is showing some signs of life...
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