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{MIDDAYS W/ JAZZY MCBEE} H&M’S PROFITS HIT A 16-YEAR-LOW; FALL 62 PERCENT

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H&M AT A LOW!

After the controversy surrounding a young Black boy modeling a racially insensitive hoodie went viral. The clothing retailer received criticism from the general public and celebrities. H&M profits have fallen 62 percent in the first-quarter bringing in roughly $150 million to the retailer.

H&M other profit factors during the dismal first-quarter performance for irregularity of weather patterns forced the company to shift stock and find ways to get rid of the unsold goods.

 

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