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New brand costs dent H&M's Q4 profits

2013-01-30 13:34:38| Appliances - Topix.net

Fashion retailer Hennes & Mauritz AB is to press ahead with its global expansion plans with the opening of over 300 stores this year, even though it saw a modest decline in fourth-quarter earnings that the Swedish company blamed in part on higher investments in online shopping and the launch of a new brand.

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