Pandemic Punishes H&M With First Quarterly Loss In Decades
Fri, 06/26/2020 - 10:30
Sweden's Hennes & Mauritz (H&M), the world's second-largest clothing retailer, recorded its first quarterly loss in decades due to COVID-19 shuttering many of its stores.
"At most around 80 percent of our stores were closed in the second quarter and in those markets where stores were open, demand was significantly subdued. Although we took rapid and decisive...
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