H&M sales fall as demand for fast fashion falters

Sales at H&M have tumbled as demand for fast fashion wobbles.

Sales at the world’s second largest fashion retailer dipped 4 per cent to £4.8billion over the three months to November 30 compared to last year. 

The update comes as shoppers have fallen out of love with fast fashion in recent years.

Purring: Earlier this year H&M hit the headlines when Jerry Hall appeared in an advert modelling a little black revenge dress shortly after her split from Rupert Murdoch

Spending was dented by unseasonably warm weather in September, with a late heatwave in the UK, which put off shoppers from buying autumn ranges.

Trading was also hit by a decision to close stores in Russia and Belarus because of the war in Ukraine.

Earlier this year H&M hit the headlines when Jerry Hall appeared in an advert modelling a little black revenge dress shortly after her split from Rupert Murdoch. ‘Oh baby, I feel so good,’ she purrs in the advert.

source: dailymail.co.uk


🕐 Top News in the Last Hour By Importance Score

# Title 📊 i-Score
1 IDF responds after Hamas hits Israeli cities in rocket attack: 'Must pay a heavy price' 🟢 85 / 100
2 Huge Chinese military exercises around Taiwan spark 'deep concern' from US, UK 🟢 85 / 100
3 BBC Tribe fans fear host Bruce Parry has hit 'rock bottom' following brutal ritual scenes 🔴 75 / 100
4 NASA website removes 'First Woman' graphic novel — but here's where you can still find it 🔴 72 / 100
5 McLaren’s decision to deny Oscar Piastri shot at Japanese GP win was ‘fair’, says driver 🔵 45 / 100
6 Celebrity Chefs Gather at Andre Soltner Memorial 🔵 32 / 100
7 Novak Djokovic 'has no idea where Andy Murray is' and reveals Monte-Carlo coach 🔵 30 / 100
8 ‘Dennis the Menace' TV Star Jay North Dead at 73 🔵 25 / 100
9 You Can Now Play An AI-Replicated Version Of Quake 2 On Your Browser For Free 🔵 25 / 100
10 Jamie Oliver's one-pot French onion soup recipe includes extra step for 'a bit of theatre' 🔵 25 / 100

View More Top News ➡️