Home / Knowledge / News / Apparel/Garments / H&M's net sales increases 11% to SEK 232,764 mn in 2019

H&M's net sales increases 11% to SEK 232,764 mn in 2019

16
Dec '19
Pic: H&M
Pic: H&M
The H&M group’s net sales increased by 11 per cent to SEK 232,764 million ($24850.70) in financial year 2019. In local currencies, net sales rose 6 per cent. In fourth quarter of 2019, i.e during the period September 1 to November 30, 2019, H&M’s net sales increased by 9 per cent to SEK 61,704 million ($6587.74). In local currencies, net sales rose 5 per cent.

Sales development for the quarter compared with the previous year was affected by calendar effects, mainly because Black Friday this year fell a week later, i.e just before the end of the month of November. Therefore, some of the big Black Friday online sales will not be recognised until December. The amount in question is expected to be approximately SEK 500 million. Adjusted for this amount, sales in SEK in the fourth quarter 2019 increased by 10 per cent and in local currencies by 6 per cent compared with the previous year.

The full-year report for 2019, i.e December 1, 2018—November 30, 2019, will be published on January 30, 2020.

Fibre2Fashion News Desk (PC)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 18th Jan 2021

Workplace injuries, death declined in Bangladesh in 2020

Bangladesh witnessed 433 instances of workplace injury and 729 deaths ...

Pic: Shutterstock

Apparel/Garments | On 18th Jan 2021

Li Ning pays $69.7 mn to control UK show brand Clarks

Viva China Holdings, the sports talent agency founded by Chinese...

Pic: Shutterstock

Apparel/Garments | On 18th Jan 2021

VF Corporation enhances its traceability mapping programme

VF Corporation, one of the world’s largest apparel, footwear and...

Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

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


Advanced Search