article thumbnail

Analysis: a perfect retail storm is brewing

Inside Retail

We predict retailers in the fast-fashion apparel and footwear sectors within consumer discretionary goods could face significant headwinds over the next few months. Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent decline in net profit after tax.

article thumbnail

Online drives H&M profit recovery – but sales still lag pre-Covid era

Inside Retail

In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 We ended the year strongly with sales back at the same level as before the pandemic and with profitability better than it has been for several years.”.