Business & Investment

H & M bounces when the blockade becomes easier and the store reopens

H & M bounces when the blockade is eased: sales grow as the world’s second-largest clothing retailer reopens hundreds more

H & M sales increased in the first half of March as coronavirus restrictions began to be relaxed across Europe.

The world’s second-largest clothing retailer has reopened hundreds more stores, including Germany, its largest market.

According to H & M, sales increased by 10% from March 1st to 13th, but 900 of the 5,000 stores remained closed, 300 of which could be reopened from April 12th.

Sales: H & M, the world’s second-largest clothing retailer, has reopened hundreds more stores, including Germany, its largest market.

It followed a slump in business during the winter as the blockade made their sacrifice.

Acquisitions for the three months to the end of February were down 27% from £ 3.4bn in the year-ago quarter.

But this was slightly better than the 30% decline predicted by analysts, thanks to “strong” online trading.

Richard Chamberlain, an analyst at investment group RBC, said:

Market leader Inditex said last week that sales would recover once the blockade was lifted.

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H & M bounces when the blockade becomes easier and the store reopens

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