H&M has reported a decline in sales in the fourth quarter as a second wave of the coronavirus pandemic impeded its recovery.
H&M has recorded a 10% drop in sales in the three months to November 30 compared with last year as enforced store closures and a decline in footfall impacted the business.
For the full year, the fashion retailer has seen net sales decline by 18% year on year to SEK 187bn (£16bn).
H&M has blamed a second wave of the virus for its poor recovery in the fourth quarter as sales were down just 3% compared with last year in the period between September 1 and October 21.
From October 22 to November 30, sales recovery slowed due to the impacts of the pandemic, with sales dropping 22%.
The retailer has seen its German sales battered by new lockdown restrictions, while the UK has also seen a decline in footfall during the crucial Golden Quarter.
Other countries are also poised to reapply restrictions amid growing concerns.
H&M will publish a full report for 2020 on January 29.
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