H&M sees growth in online sales lifting earnings this year


By Anna Ringstrom and Helena SoderpalmSTOCKHOLM (Reuters) - Sweden's H&M expects earnings to grow this year as rising online sales offset weakness in its physical stores, it said on Wednesday at its first ever day of investor briefings held to assuage concerns over future strategy.Shares in the world's second-biggest fashion retailer reacted positively and were up 2.5 percent at 145.

22 Swedish crowns by 0727 GMT, compared with a 0.7 percent firmer European retail sector.The company, a rival globally to Zara-owner Inditex, forecast growth of.

This article is no longer available in our repository.

There could be multiple reasons for this.