Find in the news:
BY COUNTRY

Coronavirus Can Affect with H&M Recovery



H&M sales volumes for the first quarter of 2020 increased by 8%. However, the spread of coronavirus may prevent further growth.
H&M Group

In the first quarter of 2020, H&M Group's net sales increased immediately by 8 percent to $5.6 million. However, according to the company, one should not expect any particular growth in the second quarter due to the widespread of coronavirus, especially in China.

From December 1, 2019, to January 23, 2020, H&M sales in China increased by 27% in local currency compared to the same period last year. However, the demand for branded goods then fell significantly due to the rapid spread of the disease. As a result, the company had to close 334 out of 518 Chinese stores, and this led to a 24% drop in sales in the country.

In March, on the contrary, the situation in Europe began to harm sales. However, the situation in each country is changing rapidly, and it is still too early to draw any conclusions. The case will become clear only by April 3, when the company will present its next quarterly report.

Over the past few days, the H&M Group has announced that it has temporarily closed all stores in Italy, Poland, Spain, the Czech Republic, Bulgaria, Belgium, France, and parts of Greece. Stores will also soon be closed in Austria, Luxembourg, Bosnia, and Herzegovina, Slovenia, and Kazakhstan. At the same time, the company reports that sales in China have gradually started to recover.

The crisis has come at a difficult time for the fast-fashion giant. Years of effort to remedy a bad situation have just begun to bear fruit; for the first time since 2015, the company has become profitable again. The new problems in the face of the virus will be an additional hard test for the company.

More about shopping malls in China



YESTERDAY, USA:
By the end of January 2022, Savage X Fenty will open five mono stores in the U.S.
Jan 23, 2022, USA:
Amazon Style is experimenting with various tech services to enhance the shopping experience.
Jan 20, 2022, USA:
The new tenants include both international brands and small local companies.
Jan 18, 2022, North America, North America:
A retailer has filed several new trademark applications, indicating that it intends to produce and sell virtual goods.
Jan 15, 2022, United Kingdom:
Selfridges will be the first-ever entry into the meta-universe, and for the department store's customers, it will be a unique token buying experience.
Jan 15, 2022, Japan:
Fast Retailing CFO: "It's time to review and raise prices on some products as we face higher costs."
Friend
and Follow
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us