Trendy retailer H&M has been hit hard by the coronavirus pandemic.
Sales sank 46% in March with the company writing in a release that it expects its second quarter to be "very negatively impacted" by the virus.
Nearly 75% of its global stores were closed as of March 31, including in its top-selling markets of Europe and the US. In the stores that it had reopened, mainly in China, it said sales are experiencing a "gradual recovery."
H&M (HNNMY) shares are down more than 5% in Friday trading.