Swedish ready-to-wear giant H&M on Wednesday posted a quarterly loss due to the effects of the pandemic, which still affects the group with nearly a third of its some 5,000 stores currently closed, despite a rebound in prices. sales in March.
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During its staggered quarterly financial year (December-February), the heavyweight of clothing recorded a net loss of 1.07 billion crowns (around 104 million euros), penalized by a decline of 21% of its figure business, at 40 billion crowns.
In March, however, sales rose 55% compared to the same period last year.
