Karl-Johan Persson, chief executive officer of fashion retailer Hennes and Mauritz (H&M), presents the company's interim report for the first quarter in Stockholm March 27, 2014. The company missed ... more 
Karl-Johan Persson, chief executive officer of fashion retailer Hennes and Mauritz (H&M), presents the company's interim report for the first quarter in Stockholm March 27, 2014. The company missed first-quarter profit forecasts as it invested to catch up with rivals online in an increasingly competitive budget clothing market. REUTERS/Bertil Enevag Ericson/TT News Agency (SWEDEN - Tags: BUSINESS FASHION) ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. THIS PICTURE IS DISTRIBUTED EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. SWEDEN OUT. NO COMMERCIAL OR EDITORIAL SALES IN SWEDEN. NO COMMERCIAL USE less 
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Reuters | Photo By TT NEWS AGENCY / REUTERS
Thu, Mar 27, 2014 7:40 AM EDT