THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
H&M sales halve during lockdown

Fashion retailer H&M saw its net sales fall by 50% to 28.7 billion Swedish kronor in its second quarter after it was hit by Covid-19 store… View Article

FASHION RETAIL NEWS UK

H&M sales halve during lockdown

Fashion retailer H&M saw its net sales fall by 50% to 28.7 billion Swedish kronor in its second quarter after it was hit by Covid-19 store closures in most of its markets..

By mid-April, around 90% of the retailer’s stores were shuttered.

Meanwhile, online sales increased by 36% during the period.

Although stores began reopening in a number of markets from the end of April, H&M said recovery rates within the various markets have been uneven. Some 900 of the retailer’s 5,058 stores are still temporarily closed but ecommerce operations are open in 48 of its 51 online markets.

Looking at more current trading, H&M said  sales from 1 to 13 June decreased by 30% in local currencies compared with the same period in 2019.

Subscribe For Retail News