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.