H&M Sales Slip in Q1 as Store Closures Weigh on Performance

H&M Sales Slip in Q1 as Store Closures Weigh on Performance

The Swedish retailer trimmed its store network and shuttered Monki locations, as it focuses on efficiency and long-term profitable growth.

H&M: les efforts sur les coûts bénéfiques, mais les ventes reculent

Le géant suédois de l'habillement H&M a connu une hausse de 22% de son bénéfice net au premier trimestre. Le groupe a tiré profit de ses efforts sur les coûts, en dépit d'un recul de 1% de son chiffre d'affaires.

H&M navigates a difficult quarter with improving margins and portfolio, says GlobalData

Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. Following today’s release of H&M’s figures for the three months ending 28 February 2026; Sharon Iles, senior apparel analyst at GlobalData, comments: “H&M delivered a challenging performance in Q1 2025/26, with sales down 10.3% to SEK 49.6bn, as a stronger SEK and the …

H&M operating profit rises 26% in Q1 despite sales dip

H&M has seen operating profit rise 26% to SEK 1.51bn (£120m) during the first quarter, despite a slight decline in local currency sales and a reduced store count.  Net sales for the period fell 1% in local currencies to SEK 49.6bn (£3.96bn). This was in part due to a 4% fall in the group’s total number of stores in the quarter compared with the previous year. Stronger Swedish currency further dampened results, with translation effects shaving ni…