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  • sales at fashion group H and M fell less than expected in the company's fiscal first quarter and even rose in the first half of March.

  • The positive news came as restrictions were eased in some markets, allowing hundreds of stores to reopen.

  • The world's second biggest apparel retailer said on Monday that net sales for the period fell 27% from a year earlier to $4.7 billion as well as some stores being allowed to reopen.

  • H and M added that online sales had continued to develop well.

  • The Swedish groups had.

  • Sales in the first two weeks of March were up 10% in local currencies.

  • That was as many countries, including single biggest market Germany, began allowing some stores to reopen.

  • However, almost 1/5 of H and M's approximately 5000 stores remain closed due to lockdowns shares.

  • An H and M rose 3% in early trading before dropping back.

  • They're up close to 30% this year.

  • Market leader in DETECTS The owner of Zara last week forecast a return to healthy sales as soon as restrictions are lifted.

sales at fashion group H and M fell less than expected in the company's fiscal first quarter and even rose in the first half of March.

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A2 reopen march fashion allowing fell rose

Fashion giant H&M's sales recover in March as stores reopen

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    林宜悉 posted on 2021/03/15
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