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The clothing retailer H & M goes through one of his worst moments . It again suffered a decline in its quarterly profits and was forced to lower its prices to free itself from unsold stocks during the summer.
In this sense, the company's CEO, Karl-Johan Persson, pointed out that H & M started the season with too much stock which generated strong imbalances in the Swedish company's bid.
YOU CAN SEE H & M is excused for the "racist image" in an advertising campaign [FOTO]
in his income for two years because of the decrease people visiting the various stores.
H & M sees little likelihood that they can improve the annual business figures. The gains recorded in the last quarter showed a contraction of by 22%, compared to a similar period of last year.
In this sense, the textile chain reported between December 2017 and May 2018, fall 28% in its profits.
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