STOCKHOLM, Feb 15 — If putting investors minds at ease was H&M’s plan...its first ever investor briefing on its outlook appears to have worked.
The Swedish firm expects earnings to grow this year as rising online sales offset weakness in its physical stores.
Shares in the world’s second-biggest fashion retailer were up 2.5 per cent on the news.
The rival to Zara-owner Inditex - expects growth of at least 25 per cent in online sales
With a goal to reach US$9.4 billion (RM36.7 billion) by 2022. — Reuters