Thu, 29 Jun 2023 09:56:03 GMT
H&M stock jumps due to solved inventories
The stock price of Hennes & Mauritz AB were surging during Thursday's trading, as the company reported that a long standing inventory build-up had ended.
By 12:00 GMT, the stock price of the retailer had surged by 27.45 SEK or 17.47%.
The CEO of the company Helena Helmersson has revealed that H&M has made progress in reducing inventory and