H&M Profit Hit by Markdowns, Currency Effects

H&M Profit Hit by Markdowns, Currency Effects Play

Jan. 30 (Bloomberg) -- Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported fourth-quarter profit that missed estimates as foreign-exchange effects and product markdowns weighed on results. Hans Nichols takes a look at the numbers on Bloomberg Television's "Countdown." (Source: Bloomberg)

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