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

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,…