H&M Expects to Shrug off Coronavirus Losses

H&M, like so many other fashion companies, posted significant losses during the early days of the coronavirus pandemic, but the ever-agile fast fashion behemoth is readying itself for a major comeback by year's end. Like similarly-minded low-cost retailers, the fast fashion giant lost money but is planning a major revival before 2021.With expected pre-tax profit of approximately 2 billion SEK (approximately $2.27 billion USD), H&M's sales are still down when compared to a year prior (19 percent ...