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

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. 

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