H&M has experienced a significant fall in its UK profits for the year to November 30th 2018. Pre-tax profits were down from £37.3 million in the previous year to £10.72 million, whilst revenues slipped by 0.75 per cent from £1.06 billion to £1.05 billion. At year end 2018 H&M had 304 UK stores having opened 23 and closed 12.
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