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Low-cost fashion chain H&M reports 4th-quarter loss

CEO of H&M Helena Helmersson presents the financial report at H&M's headquarters in Stockholm, Friday, Jan. 23, 2023 Low-cost fashion brand H&M said Friday that shutting down its business in Russia and Belarus had a significant negative impact on its results, while increases in the costs of raw materials and freight and a strong U.S. dollar made purchases more expensive. (Christine Olsson/TT News Agency via AP) CEO of H&M Helena Helmersson presents the financial report at H&M's headquarters in Stockholm, Friday, Jan. 23, 2023 Low-cost fashion brand H&M said Friday that shutting down its business in Russia and Belarus had a significant negative impact on its results, while increases in the costs of raw materials and freight and a strong U.S. dollar made purchases more expensive. (Christine Olsson/TT News Agency via AP)
Low-cost fashion chain H&M reports 4th-quarter loss