Subtitles section Play video Print subtitles H&M reported an 88% fall in profit for the year through to November on Friday on, the world's second biggest fashion group warned sales will continue to be hit. The Swedish retailer said its full year pretax profit fell to $245 million hurt by restrictions on lockdowns. Profits in its final quarter fell less than expected, though helped by large cost cuts. H&M had already reported a 10% fall in sales for the fourth quarter. But the group's CEO, Halina Hell Mason, said it's clear that when customers have the opportunity to shop, the collections are appreciated. Sales in the first two months of its first quarter were down 23% as up to a third of H&M's around 5,000 stores were temporarily closed.
A2 quarter fall profit fell reported mason H&M profits fall 88% 1560 64 林宜悉 posted on 2021/01/30 More Share Save Report Video vocabulary