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H&M’s Sales Growth Shadowed by Fears of an Over-Promotion

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Fast fashion retailer H&M released its full-year and fourth quarter sales numbers Monday, reporting strong sales growth, though analysts expressed concerns that the retailer took an overly promotional approach in November in an effort to reduce its expanding inventory issues. Revenue grew 12 percent to 56.4 billion Swedish kronor ($6.2 billion) during H&M’s fourth quarter,…

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