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Evening Standard
Evening Standard
Business
Anna Wise

H&M sees efforts to control stock weigh on sales

Daniel Erver HM Western Europe
H&M has delivered a jump in annual earnings, but revealed a recent sales slowdown (Alamy/PA) -

H&M has reported sluggish sales in recent months as efforts to tighten stock left some stores unable to meet shopper demand.

The Swedish fashion giant nonetheless said its work to modernise and improve shops was going to boost profitability in the long run.

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