H&M reports its sales in Romania surged by 35% y/y in 2023
The clothing retailer H&M registered a business of RON 1.32 billion (EUR 264 million) last year in Romania, up 35% from the RON 976 million in 2022.
It is the second time that the Romanian branch of the clothing retailer exceeded the RON 1 billion threshold, Economica.net reported. The last time this happened was in 2019 – the last year before the mobility restrictions imposed by the COVID-19 pandemic, which reduced mall traffic.
With last year’s result, the retailer surpassed the pre-pandemic level.
The profit doubled y/y last year and reached RON 66.7 million, the company also reported.
The average number of employees was 924.
iulian@romania-insider.com
(Photo source: Dreamstime.com)
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