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H&M Q1 profit plunges: more price cuts ahead

Tuesday, March 27, 2018 - 00:43

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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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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H&M Q1 profit plunges: more price cuts ahead

Tuesday, March 27, 2018 - 00:43