H&M Spain Turnover Drops 2.2% in 2025 to €469.2 Million
H&M reported a 2.2% sales decline in Spain, with turnover falling to €469.2 million for the year ended November 2025. Operating profit fell 20.2% to €14.5 million and net profit dropped 21.3% to €12.2 million. The retailer closed nine stores and cut its Spanish workforce from 3,470 to 3,216, ending with 113 stores. Logistics in Spain is now managed by a newly established H&M Support entity.