Clothing & ShoesHigh Street
H&M profits plunge 22% prompting price cuts
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2018/06/15681617424_55a725ce86_k-e1530263849345-780x470.jpg?lossy=1&strip=1&webp=1)
H&M has reported a 22% drop in profits before taxation for the first half of the year, with its CEO saying he expects a “tough first half-year”.
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