H & M Hennes & Mauritz AB Full-year report
Full-year (1 December 2019 – 30 November 2020) ·The H&M group’s net sales amounted to SEK 187,031 m (232,755) in the 2020 financial year. In local currencies, net sales decreased by 18 percent. Sales development was significantly negatively affected by the pandemic, particularly in the second quarter when stores were temporarily closed in most markets; at the most, approximately 80 percent of the group’s stores were closed. ·A series of strong measures was rapidly implemented during the year. This crisis work covered all parts of the business, including product purchasing,