PARIS — Hennes & Mauritz AB said Wednesday that net profits fell 1.3 percent in the fiscal fourth quarter, as the retailer countered disappointing sales with increased investments in areas including online sales and the launch of its future brand, & Other Stories, scheduled for this spring.
The company posted a profit after financial items of 5.3 billion Swedish kronor, or $795.2 million, in the period between Sept. 1 and Nov. 30. All dollar rates are calculated at average exchange rates for the period in question.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)