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H&M Surges as Earnings Beat Estimates on Fewer Discounts

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Hennes & Mauritz AB shares surged after the ailing Swedish clothing retailer reported first-quarter profit that beat expectations on lower clearance sales. The stock rose as much as 16 percent after the company pulled back on discounts, compared with the fire sale it held a year earlier. The gains may have been spurred by “short…

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