H&M reports its sales in Romania surged by 35% y/y in 2023
<p>The clothing retailer H&amp;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.</p>

<p>It is the second time that the Romanian branch of the clothing retailer exceeded the RON 1 billion threshold, <a href="https://www.economica.net/hm-romania-profit-afaceri_747993.html" rel="noopener" target="_blank">Economica.net</a> 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.&nbsp;</p>

<p>With last year’s result, the retailer surpassed the pre-pandemic level.</p>

<p>The profit doubled y/y last year and reached RON 66.7 million, the company also reported.&nbsp;</p>

<p>The average number of employees was 924.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Dreamstime.com</a>)</em></p>