Narrow-moat H&M still struggles with inventory levels and weak sales.
Following disappointing second-quarter results, with local-currency sales growth of only 5% and a gross margin decline of 50 basis points to 57.1%, narrow-moat H&M’s management team acknowledged a changing retail landscape and announced investments to improve, diversify, and expand the online offering, integrate physical stores with the online store, expand new physical stores with a focus on growth markets, optimize the existing store portfolio, increase the speed, efficiency, and flexibili...H & M Hennes & Mauritz is engaged in the sale of clothing and cosmetics in Sweden and internationally. Co.'s stores offer basics, tailored classics, sportswear, and maternity clothes for women; basics, leisurewear, and seasonal fashions for men; denim and street fashions; and fashion wear for children and teenagers, as well as accessories, underwear, and shoes. Co. also provides makeup and body care products; and home fashion products, which include interior textiles for the bedroom, bathroom, living room, and kitchen. Co. has approximately 3,132 stores, including 110 franchise stores, 85 COS stores, 79 Monki stores, 21 Weekday stores, 8 & Other Stories stores and 3 Cheap Monday stores.
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