Belarus
This coverage examines retail market activity and developments in Belarus that matter to UK retail executives, managers, and brand professionals. Reporting covers store openings and closures, investment patterns, regulatory changes, consumer trends, and the strategies of domestic and international retailers operating in the region. These insights support decision-making for businesses monitoring Eastern European retail dynamics and potential market opportunities or risks.
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Sep- 2023 -15 SeptemberClothing & Shoes
H&M net sales edge up 6% in Q3
H&M has revealed that its net sales rose 6% to SEK 60bn (ยฃ4.3bn) for the three months ended 31 August 2023. Alongside this the company stated that its net sales were up 8% when excluding Russia, Belarus and Ukraine. However, in local currencies, the company stated that its net sales…
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Jun- 2023 -29 JuneNews
H&M sales rise 9% in half-year results
H&M has reported a 9% net sales increase to SEK 112.4m (ยฃ8.2m) in the first half of the year.ย Sales in the physical stores increased in the six-month period despite there being around 300 fewer stores than in the previous year. Around 30 percent of sales were online. Throughout the…
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Mar- 2023 -30 MarchClothing & Shoes
H&M Q1 profit boosted by second-hand Sellpy platform
H&M has seen operating profit hit SEK 725m (ยฃ56.4m) in its first quarter of trading, up from SEK 458m (ยฃ35.6m) the prior year, boosted by the earnings of second-hand platform Sellpy.ย Sellpy, which is one of Europeโs largest second-hand platforms, has been consolidated into the group in the first quarter,…
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15 MarchClothing & Shoes
H&M Q1 net sales up 12%
H&M has announced that its net sales for the period between 1 December 2022 and 28 February 2023 rose 12% to SEK 5.4bn (ยฃ423.7m), compared with last year. In local currencies its net sales increased by 3% and excluding Russia, Belarus and Ukraine the increase was 16%in SEK and 7%…
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Jan- 2023 -27 JanuaryClothing & Shoes
H&M net sales increase 12%
H&M has announced that its net sales for FY22 increased 12% to SEK 223bn (ยฃ176bn) for the year ended 30 November 2022. The increase was 6% in local currencies. Excluding Russia, Belarus and Ukraine the increase was 15% in SEK and 8% in local currencies. Results for the year were…
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Dec- 2022 -15 DecemberHigh Street
H&M full-year sales up 12% to ยฃ17.7bn
H&M has announced its provisional sales increased by 12% to ยฃ17.7bn, for the full-year period from 1 December 2021 to 30 November 2022. Excluding Russia, Belarus and Ukraine the increase was 15% in SEK and 8% in local currencies. Net sales in the fourth quarter period from 1 September 2022…
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Sep- 2022 -1 SeptemberClothing & Shoes
Tommy Hilfiger and CK owner lowers FY22 outlook
PVH Corp has lowered its full year outlook for 2022, with revenues now expected to decrease 4% to 3% (increase 3% to 4% on a constant currency basis). The company also plans to reduce people costs in its global offices by 10% to streamline the organisation, drive efficiencies and fuel…
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Jun- 2022 -29 JuneHigh Street
H&M Group profits surge amid high street resurgence
H&M Group has revealed its gross profits increased by 52.2% to ยฃ4.36bn in the six months to 31 May. Profits after tax increased by 33% to ยฃ390m in the second quarter, on the back of a 17% rise in sales to ยฃ4.47bn, excluding Russia, Belarus and Ukraine sales. Net sales…
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17 JuneDIY
Ikea to sell Russian factories as it scales down operations
Ikea has announced that it will start the process of finding new ownership for all four of its factories in Russia, and will sell out its home furnishing inventory in the country, as Ikea enters a new phase to scale down business in Russia and Belarus. On 3 March, Ikea…
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Mar- 2022 -31 MarchNews
H&M sales slow as war in Ukraine starts to dampen outlook
H&M has announced the groupโs net sales have slowed to 6% in March from 23% in the first quarter due to the Russian invasion of Ukraine, according to its first quarter results from 1 December 2021 – 28 February 2022. The group reported net sales in local currencies increased by…
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