×
232
Fashion Jobs
H&M
Area Operations Manager
Permanent · AUCKLAND
LOVISA
Regional Manager
Permanent ·
FOOT LOCKER
Manager in Training
Permanent · Auckland
ESTEE LAUDER
bb/cl/el/jm/lm/Mac/tf - Freelance Consultant - Auckland - on-Call/Freelance
Permanent · Auckland
H&M
Department Manager - Wellington
Permanent · WELLINGTON
H&M
40hr Full Time Sales Advisor - Sylvia Park
Permanent · AUCKLAND
JD SPORTS
Floor Manager - Hamilton
Permanent · Hamilton
JAY JAYS
Sales Assistant - Full Time - Jay Jays nz - Albany
Permanent · Auckland
PUMA
Assistant Store Manager - Tawa
Permanent · WELLINGTON
JACQUI E
Assistant Store Manager - Jacqui e nz - Hamilton
Permanent · Waikato
SMIGGLE
Sales Assistant - Part Time - Smiggle nz - New Plymouth
Permanent · Taranaki
JACQUI E
Sales Assistant - Casual - Jacqui e nz - Hamilton
Permanent · Waikato
VF CORPORATION
Icebreaker : Assistant Store Manager, Commercial Bay Touchlab (10 Month Fixed-Term)
Fixed-term · Auckland
VF CORPORATION
Icebreaker : Sales Associate, Keyholder - Commercial Bay Touchlab
Permanent · Auckland
JUST JEANS
Sales Assistant - Part Time - Just Jeans nz - Manukau
Permanent · Auckland
JUST JEANS
Sales Assistant - Part Time - Just Jeans nz - The Base
Permanent · Waikato
JUST JEANS
Store Manager - Just Jeans nz - Dunedin
Permanent · Otago
JUST JEANS
Assistant Store Manager - Just Jeans nz - Invercargill
Permanent · Invercargill
SMIGGLE
Sales Assistant - Part Time - Smiggle nz - Lower Hutt
Permanent · Wellington
JAY JAYS
Sales Assistant - Part Time - Jay Jays nz - Hamilton
Permanent · Waikato
DOTTI
2 x Sales Assistant - Part Time - Dotti nz - Mount Maunganui
Permanent · Bay of Plenty
JAY JAYS
Sales Assistant - Casual - Jay Jays nz- Whangaparaoa
Permanent · Auckland
Published
Sep 15, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

H&M's Q3 sales trail expectations, but autumn season starts more strongly

Published
Sep 15, 2022

In a very brief release on Thursday, H&M Group said it saw a rise in Q3 sales. But it also saw a local currencies sales fall and the figures were worse than expected.


H&M


The June to August period was still a positive one for the world's second-biggest fashion retailer, but net sales were up only 3% from a year-earlier at SEK57.5 billion ($5.36 billion). Analysts had predicted a rise of around 5%.

Meanwhile, in local currencies, sales were down as much as 4%.

The company said that Q3 had “got off to a weak start, in common with the industry in many of the group’s major markets. Sales improved sequentially during the quarter, with a better start for the autumn collections than last year”.

That last point is encouraging, especially given that there are widespread fears that trading for fashion retailers could deteriorate in the months ahead due to the cost-of-living crisis that’s hitting consumers in many countries.

Fashion as a whole seems to have held up fairly well so far this year, but there are worries that steeper price rises and a focus by consumers on essentials could send sales into reverse. H&M is clearly confident it has the product consumers want for the autumn season so it’s operating from a position of strength.

The company will report its full nine-months results on 29 September.

Copyright © 2023 FashionNetwork.com All rights reserved.