#Retail & Brands

2022-06-16

The H&M group’s sales development in the second quarter 2022

Net sales in local currencies increased by 12 percent in the second quarter 2022, i.e., in the period 1 March 2022 to 31 May 2022, compared with the corresponding period last year. Converted to SEK, net sales increased by 17 percent to SEK 54,504* m (46,509).

* The amount is provisional and may deviate slightly from the six-month report, covering the period 1 December 2021 – 31 May 2022, that will be published on 29 June 2022.

Communication in conjunction with the six-month report

The six-month report, i.e., 1 December 2021 – 31 May 2022, will be published at 08:00 CEST on 29 June 2022, followed by a press conference at 09:30 CEST hosted by CEO Helena Helmersson, CFO Adam Karlsson and Head of IR Nils Vinge. The press conference for the financial market and media will be held in Swedish at H&M’s head office in Stockholm, Ljusgården, Mäster Samuelsgatan 49, 3rd floor. The presentation material will be available at hmgroup.com/investors.

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

Intertextile Shanghai Home Textiles – Spring Edition opens next week to spotlight smart textiles, sleep trends and sustainable sourcing

The home textiles industry is ready to gather in Shanghai next week as Intertextile Shanghai Home Textiles – Spring Edition 2026 prepares to open at the National Exhibition and Convention Center from 11 – 13 March. Bringing together more than 360 exhibitors from six countries and regions, the fair will showcase an extensive array of home textiles, including bedding, towelling, carpets, home textile technologies, textile design and more, serving as a forward‑thinking hub where design, sustainability and smart living converge.

High-performance yarns for tomorrow's mobility

At this year's Techtextil in Frankfurt (April 21–24), Barmag will be presenting comprehensive solutions for the production of industrial filament yarns at the VDMA joint stand (Hall 12, C56). The focus will be on applications that ensure greater safety, durability, and efficiency in automotive engineering.