H&M Group has shared their latest sales report which indicates a strong recovery as sales in the September to November period matched 2019 pre-pandemic levels.
The Swedish fashion retailer reported that net sales for the fourth quarter increased up 8% to SEK56.81 billion (£4.69bn), while net sales in local currencies rose by 11%.
For the 2021 financial year, net sales increased by 12% in local currencies. Converted to Swedish crowns, net sales increased by 6% to SEK198.967 billion (£16.44bn).
H&M Group has temporarily closed around 115 stores, mostly in Austria and Slovakia, due to Covid-19 restrictions. The company temporarily closed around 100 stores, mainly in South-East Asia at the beginning of the quarter.
The group said that it will issue its complete full-year report on 28 January 2022.
