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H&M shares jump 11% as summer collection boosts profit - Vimarsana News

H&M shares jump 11% as summer collection boosts profit

Fashion retailer H&M's shares hit a 16-month high on Thursday after its second-quarter profit beat estimates as cost-cutting measures started to bear fruit and its summer collection benefited from warmer weather in Europe.

H&M Shares Jump 11% as Summer Collection Boosts Profit - Vimarsana News

H&M Shares Jump 11% as Summer Collection Boosts Profit

Fashion retailer H&M's (HMb.ST) shares hit a 16-month high on Thursday after its second-quarter profit beat estimates as cost-cutting measures started to bear fruit and its summer collection benefited from warmer weather in Europe. H&M, which has lagged Zara owner Inditex (ITX.MC), has sought to raise its fashion appeal and boost its higher-priced brands, targeting shoppers less vulnerable to the rising cost of living as fast-fashion giant Shein takes market share with less expensive clothes.

Source: aawsat.com
H&M shares hit a 16-month high as summer collection boosts profit - Vimarsana News

H&M shares hit a 16-month high as summer collection boosts profit

H&M, which has lagged Zara owner Inditex, has sought to raise its fashion appeal and boost its higher-priced brands, targeting shoppers less vulnerable to the rising cost of living

H&M stock jumps 20% on boost to profit and a 'good start' to Q3 - Vimarsana News

H&M stock jumps 20% on boost to profit and a 'good start' to Q3

H&M stock up after profit surpassed expectations in the second quarter. CEO Helmersson also confirmed that Q3 has started on a good note.

Source: invezz.com