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H&M needs to get rid of a lot of clothes
H&M has a stockpile of unsold clothes worth $4 billion. The Swedish fashion company will offer sales online and in stores to reduce the stockpile.
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cnnmoney hm store
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An attendee takes pictures of a mock up of the Crew Dragon spacecraft ahead of the NASA Commercial Crew Program (CCP) astronaut visit at the Space Exploration Technologies Corp. (SpaceX) headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018. Astronauts on SpaceX's Crew Dragon will be the first to fly on an American-made, commercial spacecraft to and from the International Space Station on their mission scheduled for April 2019. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
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LONDON, ENGLAND - AUGUST 03: The Facebook app logo is displayed on an iPad next to a picture of the Facebook logo on an iPhone on August 3, 2016 in London, England. (Photo by Carl Court/Getty Images)
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SUN VALLEY, ID - JULY 13: Jeff Bezos, chief executive officer of Amazon, arrives for the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)
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In this picture taken on August 24, 2017, a Japanese worker checks the strawberry flavour KitKat bars on a production line at the KitKat factory in Inashiki, Ibaraki prefecture, northeast of Tokyo. KitKats have been around in Britain since 1935 and only arrived in Japan in 1973, but the Japanese market has a crucial unique selling point -- a huge variety of different flavours. / AFP PHOTO / Behrouz MEHRI / TO GO WITH Japan-food-consumers by Anne Beade (Photo credit should read BEHROUZ MEHRI/AFP/Getty Images)
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MIAMI, FL - FEBRUARY 27: A U.S. Customs and Border Protection officer instructs an international traveler to look into a camera as he uses facial recognition technology to screen a traveler entering the United States on February 27, 2018 at Miami International Airport in Miami, Florida. The facility is the first in the country that is dedicated to providing expedited passport screening via facial recognition technology, which verifies a traveler's identity by matching them to the document they are presenting. (Photo by Joe Raedle/Getty Images)
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Singer/songwriter Demi Lovato attends the 2018 Billboard Music Awards 2018 at the MGM Grand Resort International on May 20, 2018, in Las Vegas, Nevada (Photo by LISA O'CONNOR / AFP)
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