Apparel Market Recovery and Financial Overview
Apparel brands confirm positive expectations with regards to market
recovery in 2023
Quotes from selected apparel brands
Company
Date
Quotes on 2023 outlook
H&M Group
March 30,
2023
Levi Strauss & Co.
April 6,
2023
"We definitely see a good tendency when it comes to how the spring collections are received.
February and March are quite volatile depending on the weather. This quarter gives even more
reassurance, that we will see a recovery during this year and towards end of this year."
"Even though we exceeded expectations in Q1, given it is early in the year and the macro uncertainty,
we are maintaining a cautious stand. We continue to expect '23 to be a tale of two halves, with the first
half weaker and the second half considerably stronger."
NOTE: H&M Q1 2023 (Dec 2022 to Feb 2023), Levi Strauss & Co Q1 2023 (ending Feb 26, 2023)
SOURCE: Earnings calls
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