PARIS — Hennes & Mauritz AB said sales including VAT in the fourth quarter totaled 36.17 billion Swedish kronor, or $5.4 billion, representing a 3 percent decrease in comparable units.
The Swedish high-street retailer, which will publish full-year results on Jan. 26, said same-store sales for the full fiscal year (December 2010 to Nov. 30) were down 1 percent, while sales in local currencies rose 8 percent.
H&M did not provide an explanation for the data. The world’s third-largest fashion chain has seen sales and profits slide in recent months as European consumers tighten their belts amid worries a new recession is around the corner.
In local currency terms, sales including VAT increased by 6 percent between Sept. 1 and Nov. 30, compared with the same fiscal quarter in 2010. Excluding VAT, sales amounted to 30.92 billion kronor, or $4.6 billion, versus 29.71 billion kronor, or $4.3 billion, during the same period a year earlier. All dollar rates are calculated at average exchange rates for the period in question.
H&M also reported that same-store sales fell 1 percent in November following a 2 percent decrease in October. Sales in local currencies rose 9 percent, versus an 8 percent rise the previous month. In November 2010, H&M reported an 8 percent rise in same-store sales and a 17 percent jump in local currencies.
The store count stood at 2,472 on Nov. 30 versus 2,206 stores at the same time last year.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast