Here's your summary from H&M Reports Slump as Fast-Fashion Sales Slow (https://www.youtube.com/watch?v=mGqj5260RBc) on the Bloomberg Television channel:

### TLDR:

H&M reports a slump in sales with a focus on improving operating margins and sales growth targets.

### Key Points:

1. Operating margin for the first half of the year is around 8%, falling short of the CEO's target of 10%.

2. H&M has closed down stores and is working on controlling costs, particularly at the gross margin level.

3. The new CEO aims to double sales by 2030 but faces challenges in a tough retail environment and competition from online retailers like Shein.

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