Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

H&M's like-for-likes drop in July

Swedish fashion giant H&M’s like-for-like sales dropped by 6% in July despite overall sales rising.

Group total sales including VAT rose by 3% in local currencies compared to July last year. The retailers store portfolio was at 2,306 on July 31, whereas in the previous year it was 2,066.

In June it was reported that H&M’s first half profits plunged as cotton prices and sourcing inflation soared.

Operating profit plummeted to 9,007m SEK (£875m) from 11,943m SEK (£1.16bn) last year for the six months to May 31, despite sales edging up to 52,135m SEK (£5.06bn).

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.