16 Apr. 2012

H&M BENEFITS FROM FAVORABLE WEATHER

Karl-Johan Persson, Managing Director of the H&M group, announced the company’s March numbers: The group’s total sales including VAT in local currencies increased by 26% compared to the same month the previous year. Sales in comparable units increased by 16%. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year. 

Sales in March were positively affected by, among other things, favorable weather and a positive calendar effect. These factors are expected to have a very negative effect in April. 

The total number of stores amounted to 2,517 on 31 March 2012 versus 2,238 on 31 March 2011.