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H&M Warns Profit Outlook Has Worsened on Lockdowns, Discounts Bloomberg 1/29/2021 Anton Wilen © Bloomberg Pedestrians, wearing protective face masks, pass a Hennes & Mauritz AB (H&M) store in Stockholm, Sweden, on Monday, Jan. 18, 2021. Sweden s Prime Minister Stefan Lofven has said he can’t rule out further restrictions under a temporary new law to combat the spread of the coronavirus pandemic. (Bloomberg) Hennes & Mauritz AB warned it’ll be difficult to make a profit this quarter due to lockdowns, leading the Swedish clothing retailer to increase discounts to clear out a longstanding inventory buildup. Popular Searches The stock fell as much as 5.3%. Sales plunged 23% in local currencies so far this quarter after lockdowns forced the retailer to shutter more than a third of its stores, the owner of the H&M chain said Friday.

Helena helmerssonAdam karlssonStefan lofvenNils vingeBloomberg hennes mauritzPrime minister stefan lofvenBloomberg pedestriansExecutive officer helena helmerssonChief financial officer adam karlssonப்ளூம்பெர்க் பாதசாரிகள்