Fashion giant H&M sees China sales slump after Xinjiang boycott

[TaylorSwift 162,475]

Swedish fashion giant H&M saw its sales slump in China, after it became the target of a Chinese boycott.

Several brands, including H&M and Nike, recently faced a backlash from Chinese shoppers after the firms expressed concerns about the alleged use of Uyghur forced labour in cotton production.

Its statement led celebrities to cut ties with the brand and e-commerce platforms to drop H&M.

The sales slide came even as H&M's global business returned to profit as the impact of the pandemic eased.

H&M's sales in China were down 23% in the local currency for the second quarter of 2021, compared to the same time last year.

source

[Chesescake 4,183]

Do you guys think they will apologize? Like John Cena?

[harispilton 503]

H&M, Zara and all the other fast-fashion corporations should either fix their business model or cease to exist.

[ARTPOP 3,096]

2 hours ago, Lady Ava Gaga Max said:

Swedish fashion giant H&M saw its sales slump in China, after it became the target of a Chinese boycott.

Several brands, including H&M and Nike, recently faced a backlash from Chinese shoppers after the firms expressed concerns about the alleged use of Uyghur forced labour in cotton production.

Its statement led celebrities to cut ties with the brand and e-commerce platforms to drop H&M.

The sales slide came even as H&M's global business returned to profit as the impact of the pandemic eased.

H&M's sales in China were down 23% in the local currency for the second quarter of 2021, compared to the same time last year.

source

It is scary how China can get away with concentration camps just for the sake of the economy