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H&M Q3 flat on weak appeal, hope for Q4 with China push

Swedish conglomerate H&M Group has reported flat revenue growth of SEK59.01bn ($5.81bn) with an analyst noting it faces stiff competition on value and style from rivals Inditex and Mango, however it is investing in its products and stores and is set to launch on two online platforms in China this autumn.

Shemona Safaya September 26 2024

H&M group expects this year’s operating margin to be lower than 10% as it continues to strengthen the brand by investing in products, its shopping experience and marketing. Credit: Shutterstock.

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