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Hennes & Mauritz (OTC:HMRZF) Stock, Option Chain

Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Around 65% of revenue is generated in Europe and Africa, 13% in Asia and Oceania, and 23% in North and South America. The company operates around 4,500 stores globally of which 3,947 are H&M-brand stores.

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Hennes &amp; Mauritz saw a 3% rise in Q1 net sales, reaching SEK 55.3 billion ($5.1 billion). However, gross margin declined to 49.1% due to economic pressures and increased markdowns. Operating profit fell to SEK 1.2 billion, impacted by higher costs and logistics challenges. 

Fashion Retailer H&amp;M Reports Modest Sales Growth In Q1, Faces Margin Pressures

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Hennes &amp; Mauritz AB (OTC: HNNMY) (OTC: HMRZF) reportedly investigates 20 alleged labor exploitation incidents at its Myanmar-based garment-supplying factories.

H&amp;M Investigates Labor Wage Issues In Myanmar-Based Factory: Report

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HENNES&MAURITZ B FREE SHS by Hennes & Mauritz AB

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