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Clothing giant H&M see sales fall

Tuesday, 15 October 2013
In September 2013, H&M Group total sales including VAT in local currencies increased by 7 percent compared to the same month the previous year. Sales in comparable units decreased by 2 percent.

Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year. September sales were

In September 2013, H&M Group total sales including VAT in local currencies increased by 7 percent compared to the same month the previous year. Sales in comparable units decreased by 2 percent.

Analysts had on average expected the comparable sales would decline by 2 percent and that total sales would increase by 8 percent.

Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year. September sales were negatively affected by calendar effects of approximately 2 percentage points.
Total number of stores as of September 30 amounted to 3,006 compared to 2,669 at the same point last year.
Scancomark.com Team

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