Ad Age
Swedish fashion retailer Hennes & Mauritz, better known to
shoppers as H&M, says it's increasing markdowns this quarter after
accumulating a record pile of unsold garments worth more than $4
billion.
Operating profit fell 62 percent to the lowest level in more than a
decade as clearance sales failed to reduce quantities of T-shirts and
jeans that customers had passed over.. . . more
No comments:
Post a Comment