Skip navigation

Gloucestershire Business News

H&M sales surge as stores reopen

H&M has seen sales rise to above 2019 levels, as stores have reopened across the world.

The world's second biggest fashion retailer, which has stores in Gloucester and Cheltenham, said sales for 1st - 13th June were up two per cent on the same period in 2019, although sales for the quarter as a whole are still well below 2019 levels.

Net revenues increased by 62 per cent on 2020 levels to year on year to £3.97 billion ($5.59 billion), as reported by Retail Gazette.

About 4,000 of H&M's 5,000 stores worldwide temporarily closed during the pandemic.

But the company said, as stores have begun to open around the world, it is starting to recover, supported by strong online sales.

Just 140 stores are now closed, compared to over 1,000 at the start of the quarter.

Related Articles

REVEALED: Council scheme millions over budget Image

REVEALED: Council scheme millions over budget

Council says it is still committed to regeneration project despite cost increases. 

Tiers of financial pain for Forest Green Rovers Image

Tiers of financial pain for Forest Green Rovers

With relegation now reality, what's the business cost?

EXCLUSIVE: Take me to church? Agent markets a medieval gem Image

EXCLUSIVE: Take me to church? Agent markets a medieval gem

But questions remain over planning status.

Change at the top in Forest council Image

Change at the top in Forest council

Top job remains a Green asset despite move to switch.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.