H&M2019'S Net Sales Increased 10% In The First Quarter, 5 New Stores In Mainland China.
Sweden's fast fashion H&M announced its first quarter fiscal year 2019 in recent days.
During the period, net sales of SEK 51 billion, an increase of 10% compared with the same period last year.
Maori increased by 11% to 25 billion 526 million krona.
Thanks to the development of electricity providers, H&M has opened online stores in 47 markets and will be landing in India's largest e-commerce platform later this year.
Judging from the market performance in the first quarter, the Chinese market is still a strong source of H&M sales.
In its TOP10 market, China ranked fifth in 2 billion 712 million Swedish kronor, but the biggest increase in the 10 market was 23%.
As of February 28, 2019, H&M group opened more than 4900 stores in 71 markets around the world.
During the period, H&M opened 5 new stores in mainland China, located in Hangzhou, Xiamen, Shenyang, Changchun and Changji.
At this point (as of February 28, 2019), H&M has more than 460 stores in mainland China.
Karl Johan Persson, chief executive, said that the pition has begun to show success and will continue to make adjustments in customer service, e-commerce, innovation in physical stores, and digitalization and supply chain.
Be optimistic about the future.
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