PARIS — Hennes & Mauritz AB said total sales in local currencies rose 19 percent in August, as the Swedish fast fashion retailer continued to gain momentum throughout the third quarter.
Sales including value-added taxes totaled 45.26 billion Swedish kroner, or $6.66 billion, in the period of June 1 to Aug. 31, representing a rise of 16 percent in local currency terms. All dollar rates are calculated at average exchange rates for the period concerned.
In July, sales had risen 17 percent, following a 12 percent gain in June. Sales in local currencies increased 14 percent in August 2013. H&M noted its store count came to 3,341 on Aug. 31 versus 2,964 on the same date in 2013.
H&M no longer breaks out same-store sales data. It will publish its nine-month report on Sept. 25.