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Coronavirus Cuts H&M’s Second-Quarter Sales in Half

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Hennes & Mauritz AB saw global sales sliced in half during a second quarter when the coronavirus pandemic shuttered the majority of its 5,058 stores worldwide. The Swedish fast-fashion chain on Monday said sales for the period ended May 31 plummeted by 50 percent to 28.66 billion Swedish kronar ($3.06 billion), though digital sales helped…

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