Sales at hennes & mauritz folded by an one half with its 2nd one-fourth but had been down only 30 per cent in the first two weeks of june, relating to a revision from purveyor of quick fashion.
The swedish garments store stated that its product sales for march, april that will had been 50 per cent reduced after it had to close four-fifths of the stores at the peak of this covid-19 outbreak. its online sales increased by about a third during same duration.
At the peak of this virus in european countries at the conclusion of march and start of april, h&m suffered weekly sales declines of 69 to 70 per cent.
Nevertheless the worlds second-largest fashion retailer today features 82 per cent of its 5,058 stores open and sales from summer 1-13 fell by 30 % in local currencies.