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1. H&M opens Weekday store

H&M opened its first Weekday store on Regent Street in London last week. The brand, part of the Swedish giant’s portfolio, is known for its denim offering and Scandinavian minimalist staples. It already operates about 27 stores in eight countries, and its website ships to 18 countries.

2. Gap back in fashion

Clothing retailer Gap reported betterthan-expected second-quarter results. This was mostly due to fewer discounts and better inventory management. Net income rose to US$271M, or 68c/share in the three months ended July 29, from $125m, or 31c/share. The retailer’s largest division, Old Navy, was a strong performer, staging a resurgence thanks to celebrity tie-ups and social media campaigns.

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