Heard on the Street

H&M's Clothes Deserve Discount

March 27, 2014 2:22 p.m. ET

It takes money to make money. That's a line Hennes & Mauritz has sewn up.

The Swedish fashion retailer said Thursday it would invest more in areas such as opening new stores and expanding its e-commerce operations. The company's higher spending has already lopped five percentage points off what would have been 14% year-over-year...

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