According to Fredrik Ivarsson, an analyst at Kepler Cheuvreux, global apparel retailer H&M’s net sales in the second quarter spanning March 1, 2019-May 31, 2019 increased by 11 per cent to amount to SEK 57,474 million. In local currencies, its net sales increased by 6 per cent, which is in line with expectations. However, the brand’s growth slowed down to 5.5 per cent in April and May as against 7 per cent registered in March 2019.

H&M, the world’s second-biggest fashion retailer, currently has over 4,500 stores in 62 countries. The brand will continue to add one store every month. It sources its products from more than 200 apparel and accessories manufacturing companies.