H&M CFO: shoplifting has risen in recent months


Reuters | London | Updated: 27-09-2023 14:34 IST | Created: 27-09-2023 13:40 IST
H&M CFO: shoplifting has risen in recent months
Representative image Image Credit: Wikimedia Commons
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H&M's chief financial officer said on Wednesday shopfliting has been rising in recent months, and that the fast-fashion retailer was looking at solutions to the problem.

He was the latest executive at a major retailer to warn about the growing problem.

"It is an increasing problem in many markets," CFO Adam Karlsson said on a call with media after the company released quarterly results.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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