• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
H&M logo is seen on one of the Swedish retailer's shops January 30, 2020. REUTERS/Ints Kalnins/File Photo
H&M logo is seen on one of the Swedish retailer's shops January 30, 2020. REUTERS/Ints Kalnins/File Photo
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar/File Photo
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar/File Photo
Home
Business
Retail & Consumer

H&M's sales surge as restrictions ease, still below pre-pandemic levels

June 15th, 2021 | 06:07 AM BUSINESS Retail & Consumer 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Meta's Zuckerberg buys 19th-century castle in southeast of Ireland
Chinese e-commerce giant JD.com offers EU remedies in Ceconomy takeover probe
Ocado confirms Denmark's nemlig as latest European partner
France fines Boohoo €2.3 million over deceptive discounts on website
By Anna Ringstrom

H&M's (HMb.ST) sales jumped from March to May compared to a year earlier as pandemic restrictions eased in many markets and online demand stayed strong but revenue was still well below 2019 levels.

The world's second-biggest fashion retailer said on Tuesday sales were up 62% year on year in the period - its fiscal second quarter - or 75% measured in local currencies, to 46.5 billion crowns ($5.59 billion).

Compared with two years earlier, sales were still down 19% as stores stayed closed for most of the quarter in Germany and France, and as footfall was slow in many stores that were open.

"As more people are vaccinated a number of markets have gradually allowed stores to reopen and the H&M group's strong recovery continues," the company said in a statement.

"Online sales have continued to develop very well, even as the stores have opened. This shows that customers appreciate the collections and being able to shop via their preferred channel."

In the same quarter a year earlier, the measures to tackle the pandemic meants much global trade and retail activity ground to a near halt, with about 4,000 of the Swedish group's 5,000 stores temporarily closed.

H&M said local-currency sales in the first half of June were up 35% on the year and up 2% from the same period of 2019.

Market leader Inditex, the owner of Zara, and smaller rival Next (NXT.L), have also reported recovering sales on the back of easing restrictions. read more

Analysts at JP Morgan said H&M's quarterly sales matched local currency expectations but said the early June reading indicated a slower recent recovery pace for H&M than for Inditex which is less exposed to Germany.

H&M's shares were down 1% at 0730 GMT, taking a year-to-date rise to 21%, while the wider market in Stockholm (.OMXSPI) was slightly up.

Inditex said last week that sales in May and early June were higher than two years earlier, as it reported forecast-beating February-April profits. read more

H&M, publishes full quarterly earnings on July 1, said about 180 stores were closed on June 13, down from 1,300 at the start of March but up from 140 at the end of May.

RBC analyst Richard Chamberlain, who has an 'outperform' rating on H&M's shares, predicted H&M's profits would recover faster than the overall market from the second half of the year.

($1 = 8.3244 Swedish crowns)

  • Topic
  • H&M
  • SALES/ (UPDATE 2, PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Meta's Zuckerberg buys 19th-century castle in southeast of Ireland

Related Posts

Retail & Consumer
August 20th, 2026

Meta's Zuckerberg buys 19th-century castle in southeast of Ireland

Retail & Consumer
August 20th, 2026

Chinese e-commerce giant JD.com offers EU remedies in Ceconomy takeover ...

Retail & Consumer
August 20th, 2026

Ocado confirms Denmark's nemlig as latest European partner

Retail & Consumer
August 20th, 2026

France fines Boohoo €2.3 million over deceptive discounts on website

Retail & Consumer
August 20th, 2026

 Senate Democrats question USDA about data errors, staff losses

Retail & Consumer
August 20th, 2026

Target's grocery bet is paying off. Now it must get shoppers beyond the ...

The Wire
Aug 20th 4 h ago
Formula 1

TWG Global says Cadillac F1 team and motorsport interests n...

Aug 20th 4 h ago
Soccer

Carrick praises Rashford's revival as Manchester United eye...

Aug 20th 4 h ago
Tennis

Alcaraz confirms US Open return after four-month injury lay...

Aug 20th 4 h ago
Asia Pacific

UN says two staff members detained in Afghanistan have been...

Aug 20th 4 h ago
Sports

Jets' Woody Johnson buys minority stake in Aston Martin F1 ...

TRENDING ON FINANCETIME
Aug 20th, 2026 Transactional

Carlyle-backed YipitData explores $2.5 billion-plus sale, sources say

Aug 20th, 2026 Sports

Blue Jays' Vladimir Guerrero Jr. (concussion) on rehab assignment

Aug 20th, 2026 Business

US Treasury buyback briefly eases bond rout, but debt worries persist

Aug 20th, 2026 Sports

Colts TE Tyler Warren (groin) to miss one week

Aug 20th, 2026 Cricket

Bangladesh Premier League will not take place this season, says BCB president

Markets-Sectors
TECHNOLOGY -0.29%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT