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H&M Profits Plummet 44% as Its Inventory Piles Up

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It wasn’t a first quarter to remember for H&M Group, which saw weak sales and a steep profit decline as it struggles to develop an omnichannel strategy. H&M Group In a Nutshell: H&M said weak sales in the fourth quarter, partly caused by imbalances in the assortment for the H&M brand, resulted in the need…

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