Retail in Asia

In Shops

H&M reports sales increase for Feb

In February 2012, H&M group total sales including VAT in local currencies increased by 13 percent compared to the same month the previous year. Sales in comparable units increased 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. Sales in February were positively affected by approximately 3 percentage points due to the leap day on 29 February 2012.

In the first quarter, i.e. 1 December 2011 to 29 February 2012, sales including VAT increased by 13 percent in local currencies compared to the corresponding quarter last year. Sales in comparable units increased by 3 percent.

Sales in the first quarter converted into SEK amounted to SEK 32,503 million (USD4.78 billion) including VAT. Sales excluding VAT amounted to SEK 27,832m.

The total number of stores amounted to 2,491 on 29 February 2012 versus 2,212 on 28 February 2011.

(Source: H&M)