Jun 27th, 2024
H&M Reports Slump as Fast-Fashion Sales Slow
H&M reported disappointing earnings and sales at the start of its current quarter as adverse weather in key markets kept shoppers at home. The Stockholm-based fast-fashion retailer is facing intensifying competition from Zara-owner Inditex and upstart challengers like China’s Shein. Dasha Afanasieva reports.
