Management|ANALYSIS Featured
A first quarter to forget: Hennes & Mauritz AB's shares down to 13-year low
Hennes & Mauritz AB H&M has just closed a first quarter to forget about, marking the Swedish apparel retailer’s lowest first-quarter’s profits – down 62 percent to 150 million dollars - in over 13 years. An excessive increase of stock, aggressive markdowns, and tight competition have dragged H&M’s parent group well below their revised forecast...
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