The titans of European retail are firm rivals - but their recent fortunes have contrasted significantly. Zara's Spanish owner Inditex has seemed almost immune to the economic climate while Sweden's H&M struggled. Not any more it seems. The world's second largest fashion retailer is giving its rival a run for its money. It's just reported its first rise in gross profit margin in more than three years, beating expectations. Nils Vinge is Head of Investor Relations at H&Mmoreless
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