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The Independent UK

World

Henry Saker-Clark

H&M sales miss expectations amid Red Sea delays and late Black Friday

Daniel Erver Black Friday Red Sea HM

H&M revealed weaker than expected sales in an update on Thursday (Mike Egerton/PA) - (PA Archive)

Fashion chain H&M has revealed weaker-than-expected sales for the past year after it was impacted by Red Sea shipping delays and the late timing of Black Friday.

However, the Swedish retail giant said sales growth improved in December and January as it started a new financial year.

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