LONDON — Hennes & Mauritz AB reported that total sales in local currencies rose 17 percent in July, compared to the same month last year. H&M provides only percentage figures for its monthly sales, and the total sales include value-added taxes.
The Swedish fashion retailer’s July sales grew at a faster pace than June, when sales grew 12 percent, while in May sales rose 19 percent. In July 2013, sales in local currencies rose 9 percent.
The retailer’s store count amounted to 3,314 on July 31, versus 2,940 on July 31 2013. H&M said Friday it will report sales development for August and third quarter total revenues Sept. 15. The retailer’s nine month report, covering Dec. 1 2013 through August 31 2014, will be published Sept. 25.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"