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H&M Grows Net Sales 75% in Q2

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Despite being hampered in major European markets due to continuing store closures, H&M Group saw net sales grow 75 percent in local currencies in its second quarter to 46.5 billion Swedish kronor ($5.59 billion), up from 28.6 billion kronor (then $3.06 billion) in the year-ago period, or 62 percent on a constant-currency basis when accounting for…

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