H&M's Pile of Unsold Garments Grows as Earnings Plunge
Pedestrians pass in front of a Hennes & Mauritz AB (H&M) store in New York, U.S. (Photographer: Michael Nagle/Bloomberg)

H&M's Pile of Unsold Garments Grows as Earnings Plunge

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(Bloomberg) -- Swedish fashion retailer Hennes & Mauritz AB said it’s increasing markdowns this quarter after accumulating a record pile of unsold garments worth more than $4 billion.
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