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Hennes & Mauritz reported a 40% jump in third-quarter operating profit, a sign that the Swedish fashion retailer's turnaround strategy of improving profitability and controlling costs is gaining traction.
Hennes & Mauritz reported a drop in second-quarter profit, citing higher purchasing costs and unfavorable currency movements, but said it expects these headwinds to reverse in the second half of the year.
| 7 Dec 2006 |
| H & M Hennes & Mauritz AB: H&M GROUP SALES DEVELOPMENT IN... | 15 Nov 2006 |
| H & M Hennes & Mauritz AB: MADONNA AND HER CREW FIND THEI... | 5 Jul 2006 |