Strong summer sales makes H&M’s profit jump 25%

COPENHAGEN, Denmark (AP) — Low-cost fashion retailer Hennes & Mauritz AB says its third-quarter profit jumped 25% to 5 billion kronor on strong summer sales as the Swedish group’s recovery is well underway after a strategy shift.
The Stockholm-based group says its quarterly sales increased by 12% to 62.3 million kronor ($6.3 million), adding its online sales in the third quarter increased by 30%.
CEO Karl-Johan Persson said Thursday H&M was now “on the right track with