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Xinjiang Backlash Likely Culprit in H&M’s China Sales Slump

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

H&M’s solid second-quarter bounce back of 75 percent currency-neutral sales growth pushed the fast-fashion retailer to a 12 percent sales increase in the first half of 2021. In the half, the company generated 86.6 billion Swedish kronor ($10.1 billion). The fast-fashion retailer swung to a net profit of 2.77 billion kronor ($323 million) in the…

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