Sweden's H&M sees second-quarter loss as pandemic slams March sales
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STOCKHOLM (Reuters) - H&M , the world's second-biggest clothing retailer, reported on Friday a 46% plunge in March sales as the coronavirus pandemic took its toll and said it expected to run a loss in its fiscal second quarter.The pandemic has forced H&M to temporarily close most of its stores, flag big layoffs and scrap its annual dividend for the first time since its 1974 listing."With the dramatic decline in the market we have to make many difficult decisions and take forceful action," newly..