H&M Cites 1% Bump in Comp-Store Sales

The increase in April, including VAT and new stores, amounted to 11 percent.

PARIS — Rebounding from a steep decline in comp-store sales in March, Hennes & Mauritz AB said it registered a 1 percent gain in April.

Total group sales, including VAT and new locations, increased 11 percent.

On April 30, H&M counted 2,881 stores in the world, versus 2,549 a year ago.

The Swedish fashion retailer noted that sales during the first weeks in April were “negatively affected by the unseasonably cold weather, mainly in Europe.”

Still, it was an improvement over March, when sales in comparable units fell 12, H&M’s sharpest monthly drop since it began publishing comp-store figures in 2006.

On June 12, H&M is slated to report total revenue figures for its second quarter ended May 31.