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H&M Sales Jump 11% in July

Stores that have been in operation for at least one financial year saw their sales rise 2 percent for the month.

LONDON — Sales at Hennes & Mauritz, the Swedish fast fashion retailer, rose 11 percent year-on-year in July.

 

Sales from H&M stores that have been in operation for at least one financial year rose two percent in July, the company said in a statement Wednesday. H&M said its total number of stores amounted to 2,603 on July 31, versus 2,306 in July of last year.

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The company said that August sales and revenue for the third quarter to August 31 will be published on September 17, followed by a nine-month sales report on September 27.