World, As Seen from the most beautiful islands: Ireland and Cyprus

Hennes & Mauritz chain shows some hope for retail sales


For clothing chain Hennes & Mauritz (H&M), the bottom of the corona crisis seems to have passed. In the first two weeks of June, the company’s revenue was 30 percent lower year-over-year. In the previous three months this was still around 50 percent.

H&M stores have reopened in more and more countries. At the moment just under a fifth of the shops are still closed. At its lowest point in mid-April, four out of five H&M stores were closed. Stores that reopened did take the necessary precautions to prevent the spread of the corona virus.

The drop in turnover at the physical stores was offset by higher turnover through online sales. In the current quarter, these are a third above the level of last year.

H&M had previously warned against a negative result as a result of the crisis.

Written by: Grace Kennedy

Grace Kennedy is a leading journalist, columnist of events in Ireland and beyond. 8 years in journalism, since she dropped out of university and ran away from home.

Add comment

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

Contact us

Feel free to give us a tip: [email protected]

Recent Posts