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It was a better summer than feared, but H&M still has too many shops and too many clothes
You wouldn’t know it from its U.S. stores, but H&M globally showed signs of improvement this summer after a troubled few years. Investors shouldn’t get too excited.
The stock jumped Thursday after the clothing chain—formally H&M Hennes & Mauritz—announced third-quarter numbers slightly better than analysts had feared. The stock also rallied last week, when H&M posted key sales figures. Short sellers are running for cover.