Clothing & Shoes
H&M Q1 sales fall 21% to £3.4bn
The group stated that sales development was ‘significantly affected’ by the Covid-19 situation and at most over 1,800 stores temporarily closed
![H&M](https://b855165.smushcdn.com/855165/wp-content/uploads/2018/03/HM-e1522142346527-780x470.jpg?lossy=1&strip=1&webp=1)
H&M has announced that group net sales decreased by 21% in local currencies to SEK 40.1bn (£3.4bn) in its first quarter of trading, compared with the same period the previous year.
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