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H&M's Q1 sales increase 18 percent, posts profit

First quarter net sales at H&M in local currencies increased by 18 percent, while converted into SEK, the group’s net sales increased by 23 percent to 49,166 million Swedish krona. The group’s profit after tax increased to 217 million Swedish krona, corresponding to 0.13 Swedish krona per share. Commenting on the trading update, Helena...

31 Mar 2022

Business

H&M posts Q1 sales increase of 23 percent

Swedish fashion retailer H&M's net sales in local currencies increased by 18 percent in the first quarter February 28, 2022, compared with the corresponding period last year. Converted to SEK, the company said in a release, net sales increased by 23 percent to 49,166 million Swedish krona. The company will publish its three-month report on March...

15 Mar 2022

BusinessFeatured

H&M's revenue and profit increase, aims to double sales by 2030

Full-year net sales at H & M Hennes & Mauritz AB, in local currencies increased by 11 percent in the fourth quarter 2021 compared with the corresponding period last year. Converted into SEK net sales increased by 8 percent in the quarter to 56,813 million Swedish krona. For the financial year 2021 the H&M group’s net sales in local currencies...

28 Jan 2022

Business

H&M posts 11 percent increase in Q4 sales

Net sales at H&M Group in local currencies increased by 11 percent in the fourth quarter 2021 compared with the corresponding period last year. The company said in a statement that for the 2021 financial year net sales increased by 12 percent in local currencies. Converted to SEK, net sales increased by 8 percent to 56,813 million Swedish krona...

15 Dec 2021

Business

Monki partners with BDD Foundation to raise awareness around body dysmorphic disorder

Fashion retailer Monki has announced it has partnered with the BDD Foundation to support its efforts in raising awareness surrounding Body Dysmorphic Disorder (BDD) and the effect of altered imagery in social media. As part of the partnership, BDD has started a petition directed at the EU Parliament, calling for transparency regarding altered...

25 Nov 2021

BusinessFeatured

H&M sales profit increase, proposes dividend

For the first nine months, the H&M group’s net sales in local currencies increased by 13 percent compared with the corresponding period last year. Converted into SEK the group’s net sales amounted to 142,154 million Swedish krona. For the third quarter the H&M group’s net sales in local currencies increased by 14 percent, while converted into...

30 Sept 2021

Business

H&M reports 14 percent sales improvement in Q3

Net sales at H&M in local currencies increased by 14 percent in the third quarter of 2021, while converted to SEK, net sales increased by 9 percent to 55,585 million Swedish krona. The company said in a release that the H&M group’s strong recovery continues with more full-price sales and good cost control. Sales development continued to be...

15 Sept 2021

BusinessFeatured

H&M reports sales and profit recovery in Q2

The H&M group’s net sales in local currencies increased by 75 percent in the second quarter compared with the corresponding period last year. Converted into SEK, the company said, net sales amounted to 46,509 million Swedish krona in the second quarter. Net sales in the six-month period increased by 12 percent in local currencies, while...

1 Jul 2021

Business

H&M’s Q2 sales surge by 75 percent

In the second quarter 2021, the H&M group’s net sales increased by 75 percent in local currencies compared with the corresponding period last year. The company said in a release that as a result of the strengthening of the Swedish krona the increase was 62 percent converted to SEK and amounted to 46,509 million Swedish krona. The company added...

15 Jun 2021

Retail

Monki launches new app

H&M Group-owned brand Monki has launched a new app with a focus on community interaction as well as offering inspiration and services to help customers make their clothes last longer. With a feature called M.IN.T Care, users can order wash, repair or redesign services directly from the app to help care for and repair their clothing. The app also...

8 Apr 2021

Business

Temporary store closures affect H&M sales, drop by 21 percent

In the first quarter 2021, the H&M group recorded net sales decrease of 21 percent in local currencies compared with period between December 1, 2019 to February 29, 2020. Converted to SEK, the company said in a statement, the group’s net sales amounted to 40,060 million Swedish krona compared to 54,948 million Swedish krona. The company added...

15 Mar 2021

BusinessFeatured

H&M reports drop in full year sales and profit

The H&M group’s net sales amounted to 187,031 million Swedish krona in the 2020 financial year. In local currencies, net sales decreased by 18 percent. The company said, sales development was significantly negatively affected by the pandemic, particularly in the second quarter when stores were temporarily closed in most markets; at the most,...

29 Jan 2021