H&M Price Cuts Take Shine Off Sales Growth; Shares Tumble
A sign sits on the front of a Hennes & Mauritz AB (H&M) clothing store in London, U.K. on Monday, Nov. 5, 2018.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Hennes & Mauritz AB reported its fastest quarterly sales growth in three years, though analysts said the big question is how much the struggling Swedish retailer cut prices on clothes to clear excess inventory. The shares fell in Stockholm trading.