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 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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