ABU DHABI / GULF TIME As December settles over Abu Dhabi, Taparelle embraces the season …
Read More »H&M growth stalls as clothing shoppers balk at higher prices
BLOOMBERG H&M’s revenue growth unexpectedly ground to a halt as shoppers turned away from the Swedish retailer, which has been raising prices while rivals offer bottom-dollar discounts. Sales growth was flat in constant currencies during the three months through August, missing analysts’ estimates. The low-cost fashion retailer has been allowing prices to creep up lately, according to RBC analyst Richard …
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