PARIS — Hennes & Mauritz AB said total sales in local currencies jumped by 13 percent in March as the chain continued its global store rollout.

The Swedish fashion retailer provided only a percentage figure, and no longer breaks out same-store sales data. Total sales include value added taxes.

In February, sales rose 11 percent, following a 15 percent gain in January.

H&M noted its store network comprised 3,216 locations on March 31 versus 2,853 on the same date in 2013.
Substantial long-term investments in areas such as IT and online retailing are denting the firm’s results.

Profit after financial items in the three months ending Feb. 28 rose 8 percent to 3.49 billion Swedish kronor, or $536.1 million, as reported.

load comments
blog comments powered by Disqus