Clothing & Shoes

H&M swings to £92m pre-tax loss in Q1

As the group continues to be affected by the Covid-19 pandemic, at the most, it saw around 36% of its total number of stores (1,800 stores) temporarily closed

H&M has announced it has swung to a pre-tax loss of SEK 1.1bn (£92m) in its first quarter trading update ending 28 February 2021.

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