By  on September 16, 2013

PARIS — Hennes & Mauritz AB said sales including VAT in the fiscal third quarter rose to 37.41 billion Swedish kronor, or $5.7 billion, a 12 percent gain in local currency terms.

The Swedish high-street retailer, which will publish full third-quarter results on Sept. 26, said sales in comparable units for the period of June 1 to Aug. 31 were up 2 percent. All dollar rates are calculated at average exchange rates for the period in question.

 H&M also reported that same-store sales rebounded in August, rising 4 percent after a 1 percent drop the previous month. Total revenues in local currencies were up by 14 percent, an increase over July, when they rose 9 percent.

The store count stood at 2,964 on Aug. 31 versus 2,629 stores on Aug. 31, 2012.

RELATED STORY: H&M Showcases Spring Line in New York >>

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus