ARKET news and archive

H&M’s Arket to enter Spain with Barcelona flagship this autumn

Nordic fashion label Arket is setting its eyes on Spain with plans to open its first store in the market in 2023. The brand, which is owned by fast fashion giant H&M, is set to open a flagship store in Barcelona this autumn. While the exact location of the new store is unknown, it will carry a mix of the Stockholm-based brand’s ready-to-wear and...

BusinessFeatured

H&M indicates strong Q3 ahead, June sales up 10 percent

H&M Hennes & Mauritz AB group’s net sales in SEK increased by 9 percent in the first half-year to 112,488 million Swedish krona. In local currencies net sales increased by 1 percent. As communicated earlier, for the second quarter, the company’s net sales increased by 6 percent to 57,616 million Swedish krona, while in local currencies, net...

Business

H&M reports flat Q2 sales

Net sales at H & M Hennes & Mauritz AB increased by 6 percent to 57,616 million Swedish krona in the second quarter, compared with the corresponding period last year. In local currencies, the company said in a release, net sales were flattish compared with last year. The company added that sales in the second quarter were affected by...

BusinessFeatured

H&M posts Q1 profit, sales increase by 12 percent

In the first quarter the H&M group’s net sales in SEK increased by 12 percent to 54,872 million Swedish krona. In local currencies the increase was 3 percent. Excluding Russia, Belarus and Ukraine, the company said, the increase was 16 percent in SEK and 7 percent in local currencies. Operating profit amounted to 725 million Swedish krona...

Fashion |In Pictures Featured

Mr Porter and Arket design exclusive men’s and children’s collection

Luxury e-tailer Mr Porter is teaming up with Nordic lifestyle brand Arket, part of the H&M Group, to launch a limited-edition menswear and childrenswear capsule collection inspired by nature. The colourful collection, which marks the first collaboration of its kind for both brands, launches on March 15 and will feature 120 pieces, including...

Business

H&M posts sales increase of 12 percent

Net sales at H&M Group increased by 12 percent to 54,872 million Swedish krona in the first quarter, compared with the corresponding period last year. In local currencies, the company said, net sales increased by 3 percent. Excluding Russia, Belarus and Ukraine the increase was 16 percent in Swedish krona and 7 percent in local currencies. The...

BusinessFeatured

H&M sales rise exceeds analysts' expectations

Swedish fashion giant H&M beat analysts’ sales expectations in the fourth quarter of the year. Net sales in the three months to November 30 increased 10 percent to 62.4 billion Swedish Krona (5.7 billion euros). That growth was slightly higher than the 9.5 percent sales increase analysts had expected, according to analysts polled by Refinitiv....

BusinessFeatured

H&M's Q3 results hit by Russia exit

The H&M group’s net sales in the third quarter increased by 3 percent to 57,450 million Swedish krona and in local currencies, net sales decreased by 4 percent. In the current quarter, the company said in a statement, the autumn collections have been well received and sales increased by 7 percent in local currencies in the period. The company...

Business

H&M Q3 sales drop by 4 percent in local currencies

Net sales at H & M Hennes & Mauritz AB increased by 3 percent to 57,450 million Swedish krona in the third quarter of 2022, compared with the corresponding period last year. In local currencies, the company’s net sales decreased by 4 percent. According to the Bloomberg report, analysts expected a drop of 1.4 percent. H&M said in a release that...

Business

H&M reports 12 percent rise in Q2 sales

In a brief statement on Wednesday, Swedish fashion giant H&M revealed sales ahead of expectation in the second quarter of the year. The group, whose portfolio includes Zara, Massimo Dutti, and Pull & Bear, reported a 12 percent year-over-year increase in net sales in local currencies to 54.5 billion Swedish krona compared to 46.5 billion Swedish...

Fashion

Arket adds external ready-to-wear from Klättermusen

Arket has added Swedish outdoor brand Klättermusen to its roster of brands, offering external ready-to-wear for the first time. In a statement, Arket said that Klättermusen would complement its collection with a “mindful selection” including outerwear such as jackets and vests, accessories including tote bags and cross-body bags, and T-shirts...

Business

H&M's Q1 sales increase 18 percent, posts profit

First quarter net sales at H&M in local currencies increased by 18 percent, while converted into SEK, the group’s net sales increased by 23 percent to 49,166 million Swedish krona. The group’s profit after tax increased to 217 million Swedish krona, corresponding to 0.13 Swedish krona per share. Commenting on the trading update, Helena...