World & BusinessH&M's operating profit improves, but sales remain sluggish
Reuters reports that CEO Daniel Erver said efforts to control costs and make sourcing more efficient were bearing fruit.
TLDR
H&M reported stronger-than-expected third-quarter operating profit, but sales remained sluggish, Reuters reports. CEO Daniel Erver said his push to control costs and make sourcing more efficient was bearing fruit.
H&M's operating profit improves, but sales remain sluggish
Reuters reports that CEO Daniel Erver said efforts to control costs and make sourcing more efficient were bearing fruit.