H&M $4.3Billion in unsold clothes

H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes.This was reported by the New York Times on March 27, 2018.Here is a short excerpt.I have provided a link to the full story below.

"In the world of fashion retailing, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign. What about a $4.3 billion pile of shirts, dresses and accessories? That is the problem facing H&M, the Swedish fashion retailer, which is struggling with a mounting stack of unsold inventory. Signs of its expanding unsold inventory began emerging last year, when it reported an unexpected quarterly drop in sales. The decline was the first in two decades, a period in which H&M expanded from a lone women's wear store west of Stockholm to a gargantuan network of 4,700 stores around the world."

https://www.nytimes.com/2018/03/27/business/hm-clothes-stock-sales.html

Inventory management is crucial to the financial health of an company and their liquidity.Too much inventory ties up cash.As an accountant you will be reviewing the inventory levels on balance sheet regularly.What would be your course of action if you saw this situation in your company.Is the scrappage of inventory of this magnitude as ordinary expense or extraordinary?Who is responsible for inventory management?What metrics would warn about increasing inventory levels?