H&M Reports Biggest Fall in Profits for Six Years

2018 has kicked off with bad news for H&M with the protests and controversy surrounding an offensive hoodie released earlier this month. The downturn has continued, however, as the Swedish retail giant announces its biggest drop in profits for six years -- with a decline of 14 percent over the 12 months to November 2017. This downturn has been partly driven by the biggest drop in quarterly sales recorded, while the share price has dropped by just over nine percent, a nine-year low. Over the last...