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H&M posts Q1 profit, sales increase by 12 percent

In the first quarter the H&M group’s net sales in SEK increased by 12 percent to 54,872 million Swedish krona. In local currencies the increase was 3 percent. Excluding Russia, Belarus and Ukraine, the company said, the increase was 16 percent in SEK and 7 percent in local currencies. Operating profit amounted to 725 million Swedish krona...

Fashion |In Pictures Featured

Mr Porter and Arket design exclusive men’s and children’s collection

Luxury e-tailer Mr Porter is teaming up with Nordic lifestyle brand Arket, part of the H&M Group, to launch a limited-edition menswear and childrenswear capsule collection inspired by nature. The colourful collection, which marks the first collaboration of its kind for both brands, launches on March 15 and will feature 120 pieces, including...

Report

H&M posts sales increase of 12 percent

Net sales at H&M Group increased by 12 percent to 54,872 million Swedish krona in the first quarter, compared with the corresponding period last year. In local currencies, the company said, net sales increased by 3 percent. Excluding Russia, Belarus and Ukraine the increase was 16 percent in Swedish krona and 7 percent in local currencies. The...

ManagementFeatured

H&M sales rise exceeds analysts' expectations

Swedish fashion giant H&M beat analysts’ sales expectations in the fourth quarter of the year. Net sales in the three months to November 30 increased 10 percent to 62.4 billion Swedish Krona (5.7 billion euros). That growth was slightly higher than the 9.5 percent sales increase analysts had expected, according to analysts polled by Refinitiv....

ManagementFeatured

H&M's Q3 results hit by Russia exit

The H&M group’s net sales in the third quarter increased by 3 percent to 57,450 million Swedish krona and in local currencies, net sales decreased by 4 percent. In the current quarter, the company said in a statement, the autumn collections have been well received and sales increased by 7 percent in local currencies in the period. The company...

Report

H&M Q3 sales drop by 4 percent in local currencies

Net sales at H & M Hennes & Mauritz AB increased by 3 percent to 57,450 million Swedish krona in the third quarter of 2022, compared with the corresponding period last year. In local currencies, the company’s net sales decreased by 4 percent. According to the Bloomberg report, analysts expected a drop of 1.4 percent. H&M said in a release that...

Management

H&M reports 12 percent rise in Q2 sales

In a brief statement on Wednesday, Swedish fashion giant H&M revealed sales ahead of expectation in the second quarter of the year. The group, whose portfolio includes Zara, Massimo Dutti, and Pull & Bear, reported a 12 percent year-over-year increase in net sales in local currencies to 54.5 billion Swedish krona compared to 46.5 billion Swedish...

Fashion

Arket adds external ready-to-wear from Klättermusen

Arket has added Swedish outdoor brand Klättermusen to its roster of brands, offering external ready-to-wear for the first time. In a statement, Arket said that Klättermusen would complement its collection with a “mindful selection” including outerwear such as jackets and vests, accessories including tote bags and cross-body bags, and T-shirts...

Report

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...

Report

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...

Fashion

Arket launches capsule collection with Lisa Larson

Nordic lifestyle brand Arket has launched a capsule collection with Swedish ceramist Lisa Larson, known for her expressive figurines and small sculptures. The collection called ‘The figurines of Lisa Larson’ revolves around the world of animals, in a nod to her rich gallery of animal characters as well as her long commitment to animal and nature...

Retail

Arket to open first store in Paris

Nordic fashion brand Arket is set to open a flagship store in Paris this autumn, the retailer’s first physical location in France. The Stockholm-based brand will include a curated selection of ready-to-wear and accessories for women, men and children, as well as a line of interior homeware products and body care. “We are truly excited to...