Credit Suisse analysts note that while Russia accounts for a small share of H&M's sales, the Ukraine crisis could result in a material effect on global disposable income and demand. RussiaUkraineCrisis
STOCKHOLM, Sweden – H&M reported a 23% rise in first quarter sales on Tuesday, March 15, which was in line with market expectations, as the world’s second biggest fashion retailer attempts to build on its recovery from the COVID-19 pandemic.
Credit Suisse said in a note the figures implied a slowdown in local-currency sales growth to around 14% in February, from the around 20% flagged previously for December-January.
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