H&M Group's net sales increase by 23% in Q1 2022

Camilla Rydzek

15 March 2022

H&M Group net sales increased by 23% to £4 million in the first quarter of 2022, covering the period 1 December 2021 to 28 February 2022.

The group, which owns brands including COS, Monki and & Other Stories, also published its full trading update for the year 1 December 2020 to 31 November 2021, revealing its net sales increased by 6% to £15.8 billion. The group's CEO further outlined plans to double sales by 2030.

To achieve its growth goals, the H&M Group announced that it would double the level of investment in 2022, focusing on its growth areas and infrastructure. Plans include growth in tech, the supply chain, renewable energy and sustainable materials.

A full trading update for the first quarter this year will be published on 31 March 2022.

Warning: Undefined variable $category in /home/664330.cloudwaysapps.com/zpdfebemkz/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 6
Brands & Designers

Ganni to open second London store in Covent Garden

Lauretta Roberts

15 June 2020

Warning: Undefined variable $category in /home/664330.cloudwaysapps.com/zpdfebemkz/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 6
Finance

Zalando sales up in Q3

Sophie Smith

3 November 2022

Warning: Undefined variable $category in /home/664330.cloudwaysapps.com/zpdfebemkz/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 6
Finance

Turkish etailer Trendyol celebrates success in Germany

Lauretta Roberts

4 August 2023

1 2 3 … 6,455 Next »

Free Newsletter VISIT TheIndustry.beauty

Follow us

H&M Group's net sales increase by 23% in Q1 2022