H&M stock jumps due to solved inventories

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Source: Dukascopy Bank SA


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 a total 20% decrease is expected. In June, the company has experienced an increase of sales of 10.00%. In general, the retailer has attracted consumers by using ultra low prices.
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