H&M to return to profit but expects more store closures

// H&M expects to return to profitability
// Thanks to fewer discounted sales and strong cost control, it was able to emerge from the impact of Covid-19H&M has said it expects to return to profitability as it recorded a stronger recovery from the Covid-19 pandemic than anticipated.
The Swedish giant forecast a pre-tax profit of about SKr2 billion (£180 million) in its third quarter, which runs from June to August.
H&M said that thanks to fewer discounted sales and str