×
80 830
Fashion Jobs
SALLY BEAUTY HOLDINGS LLC
Ecommerce Campaign Specialist
Permanent · Denton
SALLY BEAUTY HOLDINGS LLC
sr. CRM Developer
Permanent · Denton
SALLY BEAUTY HOLDINGS LLC
IT Director - Supply Chain Systems (Hybrid)
Permanent · Denton
ASCENA
Sales Manager- Loft Southpark
Permanent · Charlotte
ASCENA
Stock And Merchandising Associate
Permanent · Troy
ESTEE LAUDER
Senior Manager, Brand Procurement - Mac
Permanent · Queens
ESTEE LAUDER
Lead, Project Manager, Quality
Permanent · Queens
ESTEE LAUDER
Senior Manager, CRM & Web Analytics - Global Clinique Online
Permanent · New York
ESTEE LAUDER
Manager, Global Finance - Smashbox
Permanent · Culver City
ESTEE LAUDER
Manager, Brands, Consumer Sciences
Permanent · Melville
KOHLS
Compliance Analyst
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Encinitas
KOHLS
Full-Time Loss Prevention Service Specialist
Permanent · San Diego
KOHLS
Full-Time Loss Prevention Officer
Permanent · Ventura
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Carrollton
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · State College
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Manchester
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Washington
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Lansing
KOHLS
Full-Time Loss Prevention Officer
Permanent · South Plainfield
KOHLS
Sustainability & Environmental Compliance Coordinator (Hybrid)
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Spokane
Published
Jun 15, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

H&M's Q2 sales beat expectations as it enjoys double-digit rise

Published
Jun 15, 2022

H&M had good reason to be happy on Wednesday as it reported Q2 sales with a bigger than expected increase. The world’s second-largest fashion retailer had a good time of it in the March-to-May quarter with net sales rising a healthy 17% year on year, or 12% in local currencies.


H&M



They reached SEK54.5 billion (€5.12bn/£4.45bn/$5.35bn), which was higher than the roughly SEK52.8 billion analysts had forecast.

Frustratingly, the company — as usual — didn’t issue any commentary with the quarterly figures, although we hope to hear more when its first-half results for the period from 1 December to 31 May are released on June 29.

But the firm is clearly on the right track. Its Q2 figures come just a week after larger peer Inditex reported record quarterly profits on the back of healthy sales. They also come as an assortment of official country sales reports and other studies show that fashion retail is holding up surprisingly well in the face of a global cost-of-living crisis. 

Earlier this week, a regular monthly UK online sales report described fashion as a sector “making up for lost time” and that appears to be apt as the categories that struggled during lockdowns are doing well now. 

It appears that consumers around the world (for now) still feel the need to buy new clothes, accessories and shoes, even though many are reining-in some aspects of their spending as inflation takes off.

Copyright © 2022 FashionNetwork.com All rights reserved.