15-12-2020 09:40 via retailgazette.co.uk

Second wave batters H&M fourth-quarter sales

// H&M posted 10% decline in 4th quarter sales due to second wave
// Between Oct 22 O& Nov 30 alone, sales decreased by 22% year-on-year
// Full year 2020 net sales came in at 187bn krona (£16.67bn), down from 232.7bn krona (£20.75bn) last yearH&M has posted a decline in quarterly sales as the second wave of the Covid-19 pandemic had an impact on its recovery.
The world’s second-biggest fashion retailer said sales in the quarter fell to 52.5 billion krona (£4.
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