Home / Knowledge / News / Apparel/Garments / H&M group's sales increase 7% in 3 months to Feb '17
H&M group's sales increase 7% in 3 months to Feb '17
Mar '17
Courtesy: H&M
Courtesy: H&M
The H&M group’s sales including VAT amounted to SEK 54,369 million ($6.122 billion) during the first quarter from December 1, 2016 to February 28, 2017, showing an increase of 7 per cent over SEK 50,624 million sales in the comparable period last year. Sales excluding VAT amounted to SEK 46,985 million, up 8 per cent over previous year’s SEK 43,691 million.

Sales in local currencies registered 4 per cent growth in the first quarter, while online growth continued to be strong and profitable for all the brands within the group. COS, & Other Stories, Monki, Weekday and H&M Home continued to develop very well.

The group’s profit after financial items amounted to SEK 3,212 million, while its profit after tax amounted to SEK 2,457 million, corresponding to SEK 1.48 per share. Profits in the quarter were negatively affected by lower sales growth than planned as well as higher mark-downs.

Commenting on the group’s performance, H&M CEO Karl-Johan Persson said, “For fashion retail in general, market conditions were very tough in many of our large markets in central and southern Europe and in the US, and this was reflected in our sales. In other markets, such as Sweden and the other Scandinavian countries, Eastern Europe, Turkey, Russia, China and Japan our sales developed well and we continued to take market share. Sales at COS, & Other Stories, Monki, Weekday and H&M Home continued to develop very well both in stores and online, as did H&M’s online sales.”

“We have seven brands today – H&M, COS, & Other Stories, Monki, Weekday, Cheap Monday and H&M Home – and soon it will be time for our next exciting launch, Arket. H&M remains our largest brand with a presence in 65 markets. This means a wide geographical spread involving a mix of both established and new markets with significant competition locally, globally and digitally. Retail is going through a challenging period of change in which customers’ shopping behaviour and expectations are changing at a fast pace as a result of growing digitalisation. This is an accelerating development which also brings great opportunities,” said Persson.

“To meet the rapid change that is going on in fashion retail we need to be even faster and more flexible in our work processes, for example as regards buying and allocation of our assortment. We are therefore investing significantly in our supply chain, such as in new logistics solutions with greater levels of automation, but also in optimising our lead times. In the changes we are making, advanced analytics will provide important support for decision making,” he added.

This year, H&M will expand to five new physical store markets—Kazakhstan, Colombia, Iceland, Vietnam and Georgia. In addition, H&M plans to continue its online roll-out into six new markets: Turkey, Taiwan, Hong Kong, Macau, Singapore and Malaysia which are planned to open during the first half of 2017. It will launch Arket as a new brand in early autumn 2017. Also, H&M Home will open its first standalone stores in 2018. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Henry Krause,

Henry Krause

<font color="#333333" face="Arial, sans-serif">Polygiene is a market...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit

The Indian Technical Textile Association (ITTA) is the only association of ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Kamal Khushlani, Mufti

Kamal Khushlani

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Esprit Europe Services GmbH
Under Armour Global Sourcing Ltd
John Varvatos
Midas Clothing Limited
Truetzschler India Private Limited
Vianney Textil Hogar S.A. De C.V.
Lenzing Aktiengesellschaft
Bluestem Global Sourcing Limited
Rosset ;& Cia Limited
Eastman Chemical Company
Hirdaramani International Export Private Limited
KAS Direct Sourcing
Lululemon Athletica Inc
Reiter India Private Limited
Groz-Beckert East Asia LLP
Recron Polyester from Reliance Industries Limited
Desigual - ABASIC, S.A.
Boardriders Asia Sourcing Limited
MAS Active / MAS Kreeda / MAS Bodyline
Guess Europe Sagl,
Hela Clothing Pvt Ltd
Etam Group Strategy Hong Kong Limited
The Top Form Brassiere Manufacturing Company Limited
Sportmaster Ltd.
Restoque S.A.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sainsbury's Argos Asia Limited
Page Industries Limited (Bangalore)
Huntsman (Singapore) Pte Ltd
Landmark Group
Helly Hansen Far East Ltd
IDH – The Sustainable Trade Initiative
Arvind Limited
Calvin Klein
Amazon China
Alix Partners
Tory Burch Hong Kong Ltd
Rayonese Textile Inc., Division de Culp Inc.
Lisa S.P.A.
Cat Tuong Real Estate Group Joint Stock Company
LC Waikiki
OVS Hong Kong Sourcing Ltd.
C;&A Sourcing International Ltd
Brandix Lanka Limited
Aquarelle Clothing Limited
G-Star Raw C.V.
Phong Phu international JSC (PPJ)
Sportswear Company Spa
Benetton Group
Alison Hayes Romania
Sateri (Jiujiang) Fiber Co.,Ltd
Chori Company Limited
The LYCRA Company Singapore  Pte. Ltd
Lacoste (Wanchai)
NITI Aayog
Seasalt Limited
Vardhman Textile Ltd
Grasim Industries Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
IKEA of Sweden AB
PVH Corporation
Tommy Hilfiger
Gloria Jeans
Gokaldas Exports Limited
Gatsby Africa
T.T. Limited
Tchibo GmbH
Maceton Limited
Target Corporation (MN)
Varner AS Retail
J ;& P Coats
SHAHI Exports Pvt Ltd
International Textile Manufacturers Federation
Gap International Sourcing Limited
Aramark Uniform ;& Career Apparel, LLC

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search