H&M fares better than rivals with 6.4% profit increase

06/26/2009 | Wall Street Journal, The

Sweden-based Hennes & Mauritz, the third-biggest fashion retailer in the world, recorded a second-quarter profit increase of 6.4%. H&M said it "remains positive towards future expansion and the company's business opportunities", despite the economic downturn that has hindered sales for many of its competitors.

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