​Coronavirus: H&M sales hit as it shutters swathes of European stores


H&M will temporarily close hundreds of stores across Europe in a bid to battle the spread of coronavirus as its quarterly sales in China were hit by the pandemic.

The Swedish fashion titan has temporarily shut all stores in Italy, Poland, Spain, the Czech Republic. Bulgaria, Belgium, France and partly in Greece, and also moved to shut Austria, Luxembourg, Bosnia-Herzegovina, Slovenia and Kazakhstan alongside its quarterly update.

The fashion retailer reported an 8% uplift in net sales to SEK54,948m (£5bn) for the three months to 29 February, but sales in China during the latter half of that period plummeted due to coronavirus and subsequent store closures.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.