The covid 19 crisis is dramatically affecting fashion retailers. For example, in the case of H&M, sales have fallen by 57% since the beginning of the crisis despite the 32% online sales growth in Sweden. In Germany, sales were down 46% so far while in the USA as much as 71%.

Read more on the topic on https://money.usnews.com/investing/news/articles/2020-05-07/h-m-sales-fall-57-year-on-year-in-march-through-early-may