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H&M Group Q3 Sales Up 14% in Local Currencies – WWD

PARIS – H&M Group’s gross sales grew 14 p.c in native currencies within the three months to Aug. 31, in contrast with the identical interval a yr in the past.

In reported phrases, gross sales elevated 9 p.c to 55.59 billion Swedish kronor, or $6.47 billion at present alternate.

The corporate stated the gross sales numbers echoed a “robust restoration,” with “extra full-price gross sales and good price management,” though efficiency various by market, and beneficial properties had been nonetheless dragged down by short-term closures in some international locations.

“Lockdowns and restrictions have continued to hamper growth, significantly in Asia,” the corporate said. In-store gross sales have been choosing up, nevertheless, as restrictions have eased, and on-line revenues have continued to develop, based on H&M.

Except for Asia and Oceania, it stated, gross sales in native currencies had been again at pre-pandemic ranges.

H&M will reveal extra detailed figures for the primary 9 months of its fiscal yr on Sept. 30.

https://wwd.com/business-news/monetary/hm-group-q3-sales-up-14-local-currencies-1234926889/ | H&M Group Q3 Gross sales Up 14% in Native Currencies – WWD

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