Apparel retail shifts momentum to online as fears of lockdown intensify

ABOUT YOU Holding SE

19/11/2021 13:07

** Shares in fashion retailers Inditex  ITX.MC  and H&M
 HMb.ST  fall as fear of new lockdowns intensifies  urn:newsml:reuters.com:*:nL8N2SA2KM 
   
    ** Charlie Muir-Sands from Exane BNP says the share reaction
is likely related to increased expectations of lockdowns being
re-introduced again 
    ** Austria announced on Friday it would be the first country
in western Europe to reimpose full coronavirus lockdown
 urn:newsml:reuters.com:*:nL1N2SA0KQ
    ** Sweden's H&M  HMb.ST  slide 3.4% and Spain's Inditex
 ITX.MC  is down 3.8% in midday trade
    ** In turn, online retailers Zalando  ZALG.DE  and About You
 YOUG.DE  are up 4.6% and 1.6%, respectively  


 (Reporting by Tommy Lund and Joao Manuel Mauricio)
 ((Tommyalexander.lund@thomsonreuters.com;
JoaoManuel.VicenteMauricio@thomsonreuters.com))