Desperate H&M hits the bargain bins to solve cashflow problems

4th February, 2018
3

H&M shares and its new store concept have something in common: they are both offering big discounts.

Hennes & Mauritz AB, which is grappling with its biggest drop in quarterly sales on record, and shares that have fallen by about 40 per cent over the past year, announced on Wednesday that it will introduce Afound, an outlet chain for its and other companies’ excess stock.

Using such a format to clear items is...

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