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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....

Dec 15, 2022

BusinessFeatured

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...

Sep 29, 2022

Business

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...

Sep 15, 2022

Business

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...

Jun 15, 2022

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...

Apr 25, 2022

Business

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...

Mar 31, 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...

Mar 15, 2022

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...

Feb 7, 2022

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...

Jan 28, 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...

Jan 28, 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...

Dec 15, 2021

Retail

Arket opens first store in Russia

Stockholm-based lifestyle brand Arket has opened its first flagship store in Russia, 0 0 4 0 2 5 - 9 4 2. Located in the Metropolis shopping center in Moscow, the new store features products for men, women, children, and the home, as well as a Nordic-inspired café and pastry shop. The store has a wide range of fashion and accessories, interiors,...

Dec 9, 2021