H&M shares decline as clothing retailer warns of discounts

Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to markdowns in the current quarter. Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to markdowns in the current quarter.

Key takeaways

Quick scan — what you need to know:

• Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to markdowns in the current quarter.
• Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to
• markdowns in the current quarter. Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said
• it expects to lose more profit to markdowns in the current quarter.

Background

What led here, in plain terms:

• ailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to markdowns in the current quarter.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to markdowns in the current quarter.
• Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to
• markdowns in the current quarter. Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said