×
223
Fashion Jobs
CORPORATE MANPOWER
Requirement - Operations Manager
Permanent · Kolkata
DR LAL PATHLABS
Area Sales Manager - Vijayawada
Permanent · Vijayawada
SNAPSEAARCH
sr Production Manager For Hyderabad _api
Permanent · Hyderabad
ALLEGIS GROUP
Opening For Sales Manager - Chennai
Permanent · Chennai
GOODWEAR FASHIONS
Fresh Trainee Customer Service
Permanent · NEW DELHI
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
ABS HR SOLUTIONS
Asst. Manager Forecasting, Merchandising &Scm For Beauty Brand(Gurgaon
Permanent · National Capital Region
MANPOWERGROUP SERVICES INDIA
Unit Sales Manager-Field
Permanent · Chennai
SUPER PLAS WASTE MANAGEMENT LIMITED
Production Manager
Permanent · National Capital Region
AFT RECRUITERS
Hiring For Ecommerce Manager For Apparel Company, Jaipur
Permanent · Jaipur
INDUSIND BANK
Area Sales Manager - Loan Against Property
Permanent · Chennai
Published
Mar 15, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

H&M Group's Q1 sales continued to advance

Published
Mar 15, 2022

H&M Group reported its Q1 sales on Tuesday and — as is usual for the Swedish fashion giant’s quarterly preliminary sales data — it was distinctly low on detail.


H&M Group



But we do know that the company saw net sales in local currencies increasing by 18% in the period from December up to the end of February, on a year on year basis.

Converted to Sweden’s currency, net sales increased by 23% to SEK49.166 billion (4.6bn/£3.9bn/$5.1bn). However, that’s a provisional figure and could change by the time the full three-month report is published at the end of this month.

The quarterly sales performance was in line with analysts’ expectations.

The company added no commentary to the figures but it’s clear that it’s continuing its recovery, although the comparison with last year is relatively easy given the widespread lockdowns that were in place during the period. That said, Q1 this time still had its challenges given the onset of the Omicron variant at the beginning of the period and the massive supply chain issues that fashion retailers had to face.

Only two months ago, the group reported buoyant Q4 and full-year results for the 12 months to the end of November. It said it was back to pre-pandemic levels and fully focused on growth with ambitious plans to double its sales by the end of the decade.

But it’s likely to be facing ongoing challenges in the current quarter as Covid cases surge in China and the company’s business in parts of Eastern Europe being devastated by the tragedy unfolding in Ukraine.

Copyright © 2023 FashionNetwork.com All rights reserved.