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Sales Growth for Fashion company H&M

Monday, 16 September 2013
H&M Group total sales including VAT in local currencies increased by 14 percent in August 2013, compared to the same month the previous year. According to analysts on average it was expected that comparable sales would increase by 2.5 percent and that total sales would increase by 12.6 percent.

Sales in comparable units increased by 4 percent. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year.

In the third quarter of 2013, i.e. during period 1 June to 31 August, sales including VAT increased by 12 percent in local currencies compared to the corresponding quarter last year. Sales in comparable units increased by 2 percent. Sales including VAT in the third quarter converted into SEK amounted to SEK 37,411 m (33,568). Sales excluding VAT amounted to SEK 32,040 m (28,806), an increase of 11 percent.
The total number of stores amounted to 2,964 on 31 August 2013 versus 2,629 on 31 August 2012.
by Scancomark.com Team

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