GameStop plans to close more than 430 stores across the United States this month, The Verge reported Sunday (Jan. 11).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The retailer’s fiscal year 2025 will end on Jan. ...

Core Insights - H&M experienced a significant increase in operating profit for Q3 2025, rising by 40% to Skr4.91bn ($518.9m), with an operating margin of 8.6% [1] - The company reported a gross profit of Skr30.14bn, resulting in a gross margin of 52.9%, an increase from 51.1% in the same quarter of the previous year [2] - Cash flow from operating activities improved to Skr9.98bn, up from Skr8.21bn a year earlier, primarily due to lower stock-in-trade [4] Sales and Store Performance - Sales in local currencies grew by 2% despite a 4% reduction in the number of stores [1] - The optimization of the store portfolio negatively impacted short-term sales due to the closure of less profitable stores, although new, more profitable stores are being opened [2] Cost Management and Margins - Selling and administrative expenses decreased by 5% to Skr25.17bn, with a 1% decline in local currencies [4] - Improvements in the supply chain and favorable external factors contributed to the enhanced gross margin, alongside exchange rate gains [3] Tax and Earnings - The result after tax increased to Skr3.21bn, or Skr2.01 per share, compared to Skr2.31bn or Skr1.44 per share in 2024 [3] - The company noted that cash flow was positively affected by lower stock-in-trade but negatively impacted by higher tax payments and lower operating liabilities [4]