H&M Sales Rise Ever Than Before!

Post by Sameena Farooq | Jan 02, 2019

The sales of one of the world's leading fashion shopping destinations sales have gone up in the latest quarter.

Philippines: H&M is one of the popular shopping destinations in the Philippines that has online as well as offline stores. During the latest quarter the H&M sales have grown up at the faster rate in three years – but analysts have an opinion that this sale growth is because of the discounts provided by inventory and the favourable currency swings.  

According to a famous stock exchange filing return, H&M revenue increased by 12 per cent to 56.4 billion kronor (S$6.23 billion) in the last year’s November quarter.

Further, the fast-fashion retailer is facing issues to move a huge inventory, expected in March as worth an astounding $4.3 billion.

This week’s filing sales is all set to be revealed on January 31 with full details of H&M’s trading performance.

Some analysts have named it a “possible” sales growth as the sales of sweater and winter collection is little as $10 in recent month.