By  on January 31, 2018

PARIS — Hennes & Mauritz AB reported a 13 percent dip in full-year profit, highlighting its struggle to grapple with the shift of consumption to digital avenues.

Profit for the year ending Nov. 30 was 16.18 billion kronor, or $2.05 billion, the fast-fashion retailer said, noting online business has not grown fast enough to compensate for the decline in store traffic.

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