H&M sales jump 12%

Latest News

H&M sales jump 12%

By Ross Henry Law

15/06/2022

H&M Group’s net sales in local currency rose by 12 per cent in the second quarter of 2022 compared with the same period in 2021.

Converted to Swedish Korona (SEK), the figures, accounting for the period between 1 March and 31 May, were up 17 per cent compared with last year’s performance.

The company has stated that it will release its six-month financial report on 29 June, followed up with a press conference hosted by chief executive Helena Helmersson, chief financial officer Adam Karlsson, and head of investor relations, Nils Vinge.

In April, the fashion retailer said that its sales and profits had been “impacted by the negative effects” of the pandemic in many of its major markets.

From CapEx to AI: Understanding the evolving cost structure of retail technology

This Retail Systems webinar, sponsored by Aptos, brings together leading voices from across the retail technology ecosystem to examine how modern PoS has transformed the cost ownership model – and how the emergence of agentic commerce is poised to rewrite the rules once again.

Beyond Channels: Redefining retail with Unified Commerce

This Retail Systems fireside chat with Nikki Baird, Vice President, Strategy & Product at Aptos will explore how unified commerce strategies enable retailers to tear down these barriers and unlock new levels of operational agility and customer satisfaction.