Clothing & Shoes
H&M FY profits fall 88%
With 36% of its stores once again closed, sales have fallen 23% between 1 December 2020 and 27 January 2021
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2020/12/Screen-Shot-2020-09-16-at-10.20.02-AM-e1600248258429.jpg?lossy=1&strip=1&webp=1)
H&M has revealed the extent of damage coronavirus has had on its business, with profit crashing 88% to SEK 2.05bn (£179m) in its full-year results, down from SEK 17.4bn (£1.5bn) the year before.
You'll need to
subscribe to unlock this content. Already subscribed? Login?