CEO Helena Helmersson highlighted improvements in the supply chain and cost management, leading to stronger gross margins and cash flow. Despite challenges like inflation and interest rates affecting consumer purchasing power, net sales in comparable markets rose compared to 2022. In the twelve months ending November 30, 2023, H&M achieved 236.0 billion Swedish kronor (20.9 […]
Fashion retailer H&M will reopen most of its stores in Ukraine, beginning in November of this year. The retailer temporarily closed its stores in Ukraine following Russia’s invasion of the country in February of last year. “Preparations are being made to reopen the majority of the H&M stores where possible,” the company said, adding it […]
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