By  on June 19, 2008

PARIS — Hennes & Mauritz on Wednesday said improved weather conditions in May helped lift second-quarter profits after cold climatic conditions in Europe hurt sales in the early spring season.

The Swedish fast-fashion giant said second-quarter profits after financial items improved 6 percent to 5.43 billion kronor, or $839.3 million, boosted by a 25 percent sales gain in May after weak sales in March and April. Overall, sales in the quarter ended May 31 rose 7.8 percent to 21.61 billion kronor, or $3.34 billion.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus