H&M H1 profits beat expectations despite sales dip
H&M has revealed that its operating profit increased to SEK2.077bn (£155m), up from SEK725m (£54m) despite net sales decreasing to SEK53.6bn (£376m) during the first quarter of the year ended on 29...
View ArticleH&M has reignited discourse surrounding free returns
Early last week, H&M told customers of a change in return policy – they were to start paying a £1.99 return fee for both in store and online parcels. However, within the week the fashion giant did...
View ArticleH&M sales rise 9% in half-year results
H&M has reported a 9% net sales increase to SEK 112.4m (£8.2m) in the first half of the year. Sales in the physical stores increased in the six-month period despite there being around 300 fewer...
View ArticleH&M revenue growth stalls in Q1
H&M Group has revealed a 6% year-on-year rise in revenues to SEK 57.6bn (£4.2bn) for the first 12 weeks ended 31 May, meaning a stall in the fashion retailer’s growth. This comes as the increase in...
View ArticleH&M creates new youth destination with Weekday and Monki merger
H&M has announced plans to create a new youth destination by merging two of its portfolio brands, Weekday and Monki. According to H&M, the merger is aimed towards creating an “exciting,...
View ArticleH&M confirms regional UK store closures
Fast fashion retailer H&M has confirmed that it will be closing a number of stores across the UK in Burton, Hartlepool, Maidenhead and Newport on the Isle of Wight. The decision follows H&M...
View ArticleH&M full-year sales up 12% to £17.7bn
H&M has announced its provisional sales increased by 12% to £17.7bn, for the full-year period from 1 December 2021 to 30 November 2022. Excluding Russia, Belarus and Ukraine the increase was 15% in...
View ArticleH&M reopens Regent Street flagship following refurb
H&M have reopened its flagship Regent Street store today (24 November), following a refurbishment and additions to the site’s offerings. It is reported that the site now has a “world leading”...
View ArticleH&M sales lower than expected in Q3
Swedish fashion chain, H&M, has revealed that net sales were lower than expected in its third quarter, rising only by 3% to 57.5bn Swedish crowns (£4.7bn) in the period ended 31 August 2022. This...
View ArticleH&M Q2 profits reaches £303m
H&M has reported pre-tax profits of SEK 3.59bn (£303m) from a previous year’s loss of SEK 6.4bn (£547m) for its second quarter ended 31 May 2021. The group’s net sales in local currencies increased...
View ArticleH&M sales soar 75% in Q2
H&M has reported a quarterly turnover rise from the year before as Covid-19 restrictions continue to ease, despite overall revenue remaining below 2019 levels. In the second quarter of 2021, the...
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