The group revealed that earnings in its third quarter tumbled by a worse-than-expected 26% (Alamy/PA) Fast fashion giant H&M has warned it will not meet its profitability target this year after a weather hit to sales and amid cost pressures. The group revealed that earnings in its third quarter tumbled by a worse-than-expected 26% to 3.5 billion Swedish krona (£258 million) as sales fell 3% after a poor start due to cold weather in June.
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