H&M says one fifth of stores still shuttered by pandemic

Around 1,050 of H&M's around 5,000 stores remain temporarily closed due to the COVID-19 pandemic and government measures to stop it, a spokesman at the Swedish group said on Thursday. H&M, the world's second-biggest fashion retailer, is due to report sales for the December-February period, its fiscal first quarter, on March 15. Analysts on average forecast a 28% drop in net sales from a year ago, according to Refinitiv SmartEstimate...
Read more...

;