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H&M online growth gives investors fresh hope (VIDEO)



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.

H&M has closed retail outlets in a bid to make an online push. ― Reuters picH&M has closed retail outlets in a bid to make an online push. ― Reuters picThe 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

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