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H&M Groupe

H&M Groupe

Last update: 29/05/2024

Turnover: 21 billion USD (2023)

Country: Sweden

The H&M group is one of Europe's leading fashion retailers. In France, it generates sales of around 1.2 billion euros (source: l' entreprise) and has 220 stores. The H&M group's main brands are H&M (4,500 stores), Cos (290 stores), Weekday (54 stores) and MONKL (130 stores)

News

Pär Lindbäck, CEO of H&M France: "Our priority is to improve the customer experience" 28/05/2024

- H&M e france sales to end 2023: €1.06 billion, down 1%.
- Number of stores at start of 2024: 169, compared with 177 at start of 2023.
- Number of employees: 5,400
- H&M ranks 7th in the French textile market, with a market share of 1.9%.

The H&M Group as a whole:

- Sales: 21 billion euros.
- Total number of stores: 4,369, including 3,871 under the H&M banner.
- Number of H&M brands: 9, including COS, Monki and & Other Stories.

H&M reorganizes its store network in the face of slowing growth 13/05/2024

France is the Group's fourth-largest market (after Germany, the United States and the United Kingdom)
The average size of an H&M store is around 1,600 m2.
In 2018, H&M had 206 stores in France. Since then, there have been just 169.
The Swedish giant includes brands such as COS, Monki and & Other Stories, in addition to its flagship H&M brand
h&M expects sales of €20 billion by 2023 and 101,000 employees worldwide.

Host and Primark: H&M's nightmare continues, overtaken by Shein 15/12/2023

H&M recorded annual sales of 21 billion euros, up 6%
Spanish retailer Zara reported an 11% increase in sales in the first nine months of the year, with sales of 25.6 billion euros and profits of over 4 billion euros.
British retailer Primark achieved sales of over 23 billion euros at the end of its September financial year.
Chinese online retailer Shein is targeting sales of €40 billion this year, while rival Temu is aiming for €33 billion.
H&M reduced the number of its stores and cut 1,500 jobs last year as part of a rescue plan.

Textiles: H&M emerges weakened from a nightmare year 29/01/2023

4.400 points of sale by 2022
Net profit to fall by 68% by 2022
H&M faces competition from Chinese retailer Shein
Retailer forced to close 185 stores in Russia

H&M: second-quarter results better than expected 29/06/2022

Second-quarter net income up 33% to SEK 3.7 billion (approx. EUR 345 million)

Second-quarter sales up 17% to SEK 54.5 billion (EUR 7.3 billion)

Analyst forecasts (according to Factset): sales of around SEK 52 billion, profit of SEK 3 billion

Group share price on June 29: up approx. 3.7% to SEK 126.34

Total number of stores at the end of May: 4,702, 272 fewer than a year earlier

Net store closures planned for 2022: 178 (previously 140)

Expansion planned in South America with two online stores in Colombia and Peru

Suspension of sales in Ukraine, Belarus and Russia: 181 stores affected

Financial Data

DUNS: 398979310

Legal Name: H&M HENNES & MAURITZ

Address: 3 RUE LA FAYETTE , 75009 PARIS 9

Number of employees: Entre 5 000 et 9 999 salariés (2019)

Capital: 152 000 EUR

Financial Data:

Year	Turnover (€)	Net Profit (€)	Fiscal Year End	Fiscal Year Duration
2016	1 223 927 088 EUR	30 298 033 EUR	30/11/2016	12
2015	1 173 281 375 EUR	4 158 592 EUR	30/11/2015	12

Studies mentioning this company

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