![People shop in the newly opened Hennes & Mauritz (H&M) store in Moscow, March 13, 2009. Swedish fashion giant H&M, the world's third-biggest clothing retailer by sales after Gap Inc and Spanish People shop in the newly opened Hennes & Mauritz (H&M) store in Moscow, March 13, 2009. Swedish fashion giant H&M, the world's third-biggest clothing retailer by sales after Gap Inc and Spanish](https://c8.alamy.com/comp/2E7AKJ0/people-shop-in-the-newly-opened-hennes-mauritz-hm-store-in-moscow-march-13-2009-swedish-fashion-giant-hm-the-worlds-third-biggest-clothing-retailer-by-sales-after-gap-inc-and-spanish-inditex-opened-its-first-russian-store-in-moscow-on-friday-hm-is-likely-to-feel-some-effects-from-the-global-financial-crisis-but-is-doing-better-than-some-of-its-competitors-the-companys-top-executive-said-on-march-12-2009-reutersdenis-sinyakov-russia-fashion-society-business-2E7AKJ0.jpg)
People shop in the newly opened Hennes & Mauritz (H&M) store in Moscow, March 13, 2009. Swedish fashion giant H&M, the world's third-biggest clothing retailer by sales after Gap Inc and Spanish
![People shop in the newly opened Hennes & Mauritz (H&M) store in Moscow, March 13, 2009. Swedish fashion giant H&M, the world's third-biggest clothing retailer by sales after Gap Inc and Spanish People shop in the newly opened Hennes & Mauritz (H&M) store in Moscow, March 13, 2009. Swedish fashion giant H&M, the world's third-biggest clothing retailer by sales after Gap Inc and Spanish](https://c8.alamy.com/comp/2D1CAPE/people-shop-in-the-newly-opened-hennes-mauritz-hm-store-in-moscow-march-13-2009-swedish-fashion-giant-hm-the-worlds-third-biggest-clothing-retailer-by-sales-after-gap-inc-and-spanish-inditex-opened-its-first-russian-store-in-moscow-on-friday-hm-is-likely-to-feel-some-effects-from-the-global-financial-crisis-but-is-doing-better-than-some-of-its-competitors-the-companys-top-executive-said-on-march-12-2009-reutersdenis-sinyakov-russia-fashion-society-business-2D1CAPE.jpg)
People shop in the newly opened Hennes & Mauritz (H&M) store in Moscow, March 13, 2009. Swedish fashion giant H&M, the world's third-biggest clothing retailer by sales after Gap Inc and Spanish
![Coronavirus: H&M warns it may need to cut thousands of jobs as crisis spreads | Fashion Trends - Hindustan Times Coronavirus: H&M warns it may need to cut thousands of jobs as crisis spreads | Fashion Trends - Hindustan Times](https://images.hindustantimes.com/rf/image_size_960x540/HT/p2/2020/03/24/Pictures/file-photo-times-york-square-clothing-store_f7fa955a-6db9-11ea-ab2c-59405e977d32.jpg)
Coronavirus: H&M warns it may need to cut thousands of jobs as crisis spreads | Fashion Trends - Hindustan Times
![H&M's sales collapse in March is indicative of a wider trend - Coronavirus isn't going to drive up online sales in every retail sector H&M's sales collapse in March is indicative of a wider trend - Coronavirus isn't going to drive up online sales in every retail sector](https://diginomica.com/sites/default/files/images/2019-07/H%26M.jpg)