You are here

H&M's March sales tumble 46% as pandemic hits; sees Q2 loss

nz_hnm_030406.jpg
H&M, the world's second-biggest clothing retailer, reported on Friday a 46 per cent plunge in March sales as the novel coronavirus pandemic took its toll and said it expected to run a loss in its fiscal second quarter.

[STOCKHOLM] H&M, the world's second-biggest clothing retailer, reported on Friday a 46 per cent plunge in March sales as the novel coronavirus pandemic took its toll and said it expected to run a loss in its fiscal second quarter.

"The second quarter will naturally be very negatively...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes