49 days ago • Posted by William Ramstein

H&M lags Inditex profitability since 2011

Inditex, the Spanish owner of Zara that overtook H&M as the world’s biggest fashion retailer by sales a decade ago, was said to be  “better quality company”, and that the Swedish group may is a “bit slower” at returning to its pre-pandemic profit levels as some customers steer clear of its stores. H&M’s shares fell consistently from 2015 to 2018, before largely treading water since then, although they have climbed 50 per cent since their Covid-19 low in March last year. Source: Financial Times