H&M Sales Up 7% in January

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PARIS — Hennes & Mauritz AB said total sales in local currencies gained 7 percent in January, with a calendar effect shaving roughly 2 percentage points off the gains as the month had one more Sunday than in January 2015.

This came after an improvement in December, when the Swedish fashion giant logged a 10 percent gain. H&M posted a 14 percent sales rise in January 2015.

The company provided only a percentage figure, and no longer breaks out same-store sales data. Total sales include value-added taxes, or VAT.

H&M noted its store count came to 3,958 on Jan. 31 versus 3,541 on the same date in 2015.

H&M is scheduled to publish total sales for the first quarter on March 15. It plans to release its results for the first quarter on April 6.

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