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.
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Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
The Very Group
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