The H&M group’s sales development in the second quarter and early June 2021
In the second quarter 2021, i.e. in the period 1 March 2021 to 31 May 2021, the H&M group’s net sales increased by 75 percent in local currencies compared with the corresponding period last year. As a result of the strengthening of the Swedish krona the increase was 62 percent converted to SEK and amounted to SEK 46,509* m (28,664). Sales development was continuously affected by the ongoing pandemic. At the start of the second quarter around 1,300 stores were temporarily closed. The open stores have had restrictions on, for example, opening hours, number of customers and store space. In