H&M Has Paused Purchasing Amid Virus Lockdown

The transcript discusses the impact of the pandemic on online sales, labor force, rent strategies, and future planning. Online sales have grown, but not enough to offset physical store losses. The labor force is affected differently across markets, with many moving to government support. Rent deferral strategies are being assessed based on market conditions. Planning for the autumn-winter season involves cautious purchasing based on market recovery indications.

What was the percentage increase in online sales in March compared to 2019?

• 25%

• 17%

• 10%

• 30%

How many stores were closed, affecting the workforce?

• 1000 stores

• 4000 stores

• 2000 stores

• 3000 stores

What is the company's approach to managing rent during the pandemic?

• Paying full rent as usual

• Deferring all rent payments

• Assessing appropriate rent levels with landlords

• Reducing rent by 50%

What is the company's strategy for the autumn-winter season?

• Buy in bulk without market analysis

• Cancel all orders

• Wait for market indicators before buying

• Increase purchasing immediately

How is the company using market indicators for future planning?

• To halt all operations

• To make conservative sales estimates

• To ignore market trends

• To make aggressive sales estimates