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H&M’s sales tumble, stockpiles grow in March to May.

H&M’s sales tumble, stockpiles grow in March to May.

by TEXTILE VALUE CHAIN | May 26, 2020 | Apparel, Fashion & Retail, Fashion, News & Insights

STOCKHOLM : H&M, the world’s second-biggest fashion retailer, said local currency sales had tumbled 57% since the start of March compared with a year ago as the COVID-19 pandemic and lockdowns kept most of its stores closed. Online sales grew 32%, it said in...

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