H&M May sales rise 4%

H&M May sales rise 4%

H&M May sales rise 4%

The FINANCIAL -- The H&M group’s sales including VAT increased by 4 percent in local currencies in May 2017 compared to the same month the previous year.

Converted into SEK sales increased by 8 percent. In the first half of the month sales were affected by tough market conditions in several countries. Sales improved considerably in the second half of the month, according to H&M.

Second quarter 2017

In the second quarter of 2017, i.e. during period 1 March to 31 May, sales including VAT increased by 5 percent in local currencies compared to the corresponding quarter the previous year. Converted into SEK sales including VAT increased by 10 percent and amounted to SEK 59,538 m (54,341). Sales excluding VAT amounted to SEK 51,383* m (46,874), an increase of 10 percent.

The total number of stores in the group amounted to 4,498 on 31 May 2017 compared to 4,077 stores on 31 May 2016.