H&M Group (Sweden) reported net sales in local currencies increased by 13 percent in the first nine months of the financial year compared with the corresponding period last year.
For the third quarter of the year, net sales in local currencies increased by 14 percent in the third quarter 2021 compared with the corresponding period last year.
- Online sales increased by 22 percent in local currencies.
Store sales have started to recover as restrictions have been eased in many markets.
Gross profit increased by 19 percent.
- The operating margin was 11.3 percent.
H&M online will launch in Chile in autumn 2021 and in Peru, Colombia and Uruguay in the first half of 2022.
Five new H&M markets will launch in 2022. Ecuador, North Macedonia and Kosovo, and via franchise in Costa Rica and Cambodia.
