H&M Profits Are Down 20%

Fast fashion giant H&M is also feeling some retail woes as retailers like The Limited, Rue 21 and Payless have recently filed for Bankruptcy in the recent months. According to CNN Money, H&M's third-quarter net profits have fallen to 20% and its stock dipped 5% this past Thursday. The global fashion powerhouse points to deep summer inventory markdowns as one of the main causes. H&M has ridden the wave of success as it now has more than 4,500 shops around the globe. But on the flipside, foot traf...