NewsWhore
03-26-2009, 08:30 AM
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H&M Reports First Drop in Quarterly Profit Since 2003 (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaVx9EDjBK2aI%26refer%3Deurope&cid=1320783207&ei=h3bLSY-HNpGuQOH4zIsI&usg=AFQjCNHDiz9HzrN-0oiBalMekfkH9ZJZ0g)
Bloomberg
The dollar’s strength against the euro added to the cost of buying clothes in Asia, where many monies are tied to the US currency. The gross margin narrowed by 3 percentage points to 56.6 percent in the quarter, H&M said. Excluding currency effects ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaVx9EDjBK2aI%26refer%3Deurope&cid=1320783207&ei=h3bLSY-HNpGuQOH4zIsI&usg=AFQjCNHDiz9HzrN-0oiBalMekfkH9ZJZ0g)
H&M Reports First Drop in Quarterly Profit Since 2003 (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaVx9EDjBK2aI%26refer%3Deurope&cid=1320783207&ei=h3bLSY-HNpGuQOH4zIsI&usg=AFQjCNHDiz9HzrN-0oiBalMekfkH9ZJZ0g)
Bloomberg
The dollar’s strength against the euro added to the cost of buying clothes in Asia, where many monies are tied to the US currency. The gross margin narrowed by 3 percentage points to 56.6 percent in the quarter, H&M said. Excluding currency effects ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaVx9EDjBK2aI%26refer%3Deurope&cid=1320783207&ei=h3bLSY-HNpGuQOH4zIsI&usg=AFQjCNHDiz9HzrN-0oiBalMekfkH9ZJZ0g)