Hennes & Mauritz AB said that stockpiles of unsold clothing, which hit profit in the first quarter, would be under control by ...

It's been a rocky few months for H&M. The fast-fashion retailer finished off 2017 with its biggest sales slump on record and went on to report a 62% decrease in operating profit during the first ...

It's also facing the fact that it simply has too much clothing in stock. H&M currently has over $4 billion worth of unsold clothing, and it's rolling out some big technological changes to better ...

STOCKHOLM: Shares in H&M rose after the fashion retailer reassured investors that it would not need to cut costs further to shift unsold clothing despite a bigger-than-expected 20% fall in ...

(Bloomberg) -- Hennes & Mauritz AB said that stockpiles of unsold clothing, which hit profit in ... Net sales reached 55.3 billion, also below estimates. H&M shares, which fell as much as 5.1 ...