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HomeInformationHennes & Mauritz reported a third straight drop in fourth-quarter profit.
Consumer´s confidence

Hennes & Mauritz reported a third straight drop in fourth-quarter profit.

Redacción

H&M, the world´s second-biggest apparel group after Zara owner Inditex said earnings were affected by long-term investments in online shopping, a new chain of stores, plans to broaden its fashion range, and an unusually strong Swedish crown.

The retailer has the bulk of its business in Europe, where the region´s debt crisis and rising unemployment have dampened consumer spending.

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