{"id":128873,"date":"2021-06-15T11:50:15","date_gmt":"2021-06-15T11:50:15","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128873"},"modified":"2021-06-15T11:50:15","modified_gmt":"2021-06-15T11:50:15","slug":"hm-says-sales-up-75-as-more-people-get-vaccinated","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/hm-says-sales-up-75-as-more-people-get-vaccinated\/","title":{"rendered":"H&M says sales up 75% as more people get vaccinated"},"content":{"rendered":"
STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB said Tuesday sales had increased 75% in Q2 and early June, affecting both online purchases and physical stores, adding that 1,300 stores were temporarily closed at the start of the period due to the pandemic.<\/p>\n
Those who remained open faced coronavirus restrictions, including on opening hours, number of customers and store space, the group said. In Hennes & Mauritz\u2019s large markets, such as France and Germany, stores were closed throughout most of the quarter.<\/p>\n
\u201cAs more people are vaccinated, a number of markets have gradually allowed stores to reopen and the H&M group\u2019s strong recovery continues,\u201d said the Stockholm-based company, the world\u2019s second biggest fashion retailer that is known for the brand H&M. \u201cThis shows that customers appreciate the collections and being able to shop via their preferred channel.\u201d<\/p>\n
At the end of the period that ended May 31, most of the H&M group\u2019s markets still had restrictions resulting in \u201creduced footfall\u201d and around 140 of the stores globally remained temporarily closed.<\/p>\n
The retailing company released the figures ahead of its full earnings report for the six-month period, which will be published July 1.<\/p>\n
Apart from H&M, the Swedish group also includes brands like COS, Monki, Weekday, Cheap Monday, & Other Stories, H&M HOME, ARKET and Afound.<\/p>\n