H&M group have said that its third quarter sales have grown by 9% year-on-year to 64,800 Swedish kronor.
In a statement, H&M said: “The H&M group’s continuous transition, to face the major shift within the industry, has contributed to a gradually improved sales development and increased market share in many markets in the third quarter.”
However, due to an implementation of a new logistics system earlier this year has meant that sales and cost development in its US, French, Italian and Belgian markets were heavily impacted. The new systems were bought into play to up the speed and efficiency of the supply chain.
