H&M Reports Drop In Quarterly Net Sales Despite Growth In Local Currencies | Economy News
New Delhi: Swedish fashion giant H&M on Thursday posted weaker results for its quarter ending May 31 (Q2), with net sales falling to SEK (Swedish Krona) 56,714 million from SEK 59,605 million in the same period a year earlier. The decline was primarily due to currency translation effects, as a stronger Swedish krona impacted earnings…