PARIS — H&M said its sales including value-added tax rose by 5 percent in local currencies in April, compared to the same month last year, as a cold spring in Europe dampened sales of midseason apparel.
“The cold spring which continued into April in several of H&M’s large markets has had an unfavorable impact on sales of transitional garments,” the Swedish fast-fashion retailer said in a statement.
The April increase marked a slight improvement versus March, when sales edged ahead just 2 percent, but it sharply lagged last year’s performance. Revenues rose 10 percent in April 2015.
While H&M provided only a percentage figure Friday, the Swedish retailer noted that it will publish total revenues in Swedish kronor for the second quarter on June 15, when it will also detail its percentage sales development for May. Its report for the six months from Dec. 1 to May 31 will follow June 22.
H&M added that its total number of stores stood at 4,035 on April 30, versus 3,610 on the same day a year ago.