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The global fashion business journal

Nov 30, 20202:43am

H&M speeds up and grows 12% in third quarter

The Swedish fashion giant has stated in a press release that the good performance of its sales its due to a positive summer season and a increase in its market share. 

Sep 16, 2019 — 4:00pm
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H&M speeds up and grows 12% in third quarter

 

 

H&M in the rise. The Swedish fashion giant, number two in the world by revenue, has closed its quarter ended august 31 with an increase of 12%. In its revenue.

 

The company, that will share its full third quarter results next October 3, has stated in a press release that the good performance of its sales is due to a positive summer season and a rise in its market share. 

 

In this sense, the company has stated that it’s in the right path in its transformation plan to reach clients expectations. 

 

H&M ended the first half of its fiscal year with a net benefit of 509.5 million euros,10.4% less than the same period last year. Its revenue, on the other hand, rose 10.6%, up to 10.2 billion euros. 

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