Hennes & Mauritz (H&M) said second-quarter price cuts to clear inventory may exceed last year’s, sending the shares tumbling to a four-year low.

Ryanair said an image revamp aims to place the discount carrier alongside retailers Aldi, Ikea, and Hennes & Mauritz in appealing to customers who require a quality product alongside competitive prices.

Swedish clothing retailer Hennes & Mauritz disappointed investors with a lower-than-expected rise in sales last month.