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H&M's Q3 results hit by Russia exit

2 monthes ago   |   By Fashion United

Image: H&M Store/ Courtesy of Joni Israeli
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 expects the cost of markdowns in relation to sales in the fourth quarter to increase slightly compared to the same quarter last year.
“The autumn collections have been well received and sales in September are...
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