H&M Q1 profit plunges: more price cuts ahead

ReutersNewsPublished: March 27, 2018
Published: March 27, 2018

High inventories will carry price cuts into the second quarter, H&M warned on Tuesday, after the world's second largest clothing retailer reported a 61 percent plunge in first quarter profit hurt by price cutting. As Sonia Legg reports, the results sent shares down five per cent.

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