PARIS — Hennes & Mauritz AB said sales including VAT in the fiscal first quarter rose 2 percent to 33.1 billion Swedish kronor, or $5.1 billion, compared to the same period last year.
The Swedish fast-fashion retailer said first-quarter sales in local currencies rose 6 percent between Dec.1, 2012, and Feb. 28, including VAT, compared to the same period last year. Sales in comparable units were down 3 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)