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H&M Shares Tumble as Sales Growth Continues to Disappoint
Hennes & Mauritz AB shares declined as the company posted weaker-than-expected sales growth, showing chief executive officer Daniel Erver’s turnaround strategy for the Swedish fast-fashion retailer faces hurdles. Sales, which edged up 3 percent in local currencies for the fourth quarter, rose by less than analysts had projected during the crucial Christmas trading period, showing…