Unsold T-shirts drive H&M shares to 13-year low

Swedish fashion retailer H&M, the world’s No 2 clothes retailer which has over 20 Irish outlets, said it is increasing markdowns after accumulating a record pile of unsold garments worth more than €3.2bn.

Unsold T-shirts drive H&M shares to 13-year low
Wed, 28 Mar, 2018 - 08:30

By Anna Molin

Swedish fashion retailer H&M, the world’s No 2 clothes retailer which has over 20 Irish outlets, said it is increasing markdowns after accumulating a record pile of unsold garments worth more than €3.2bn.

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