H&M May sales rise by 12 percentFriday, 15 June 2012
Total sales in May for the Swedish based H&M Group, including VAT, increased by 12 percent
compared to the same month the previous year. Sales in comparable units increased by 3 percent.
Comparable units comprise the stores and the internet and catalogue sales and operations in countries for at least a financial year.
In the second quarter of 2012, during 1 March to 31 May, sales including VAT increased by 12 percent in local currencies. Sales in comparable units increased by 2 percent. Sales including VAT in the second quarter converted into SEK amounted to SEK 36,947 m (32,400), an increase of 14 percent. Sales excluding VAT amounted to SEK 31,658 m (27,632), an increase of 15 percent.
H&M was founded in Sweden in 1947. Total number of stores amounted to 2,575 on 31 May 2012 versus 2,297 on 31 May 2011. The group includes the brands COS, Monki, Weekday and Cheap Monday as well as H&M Home. The H&M Group has more than 2,500 stores in 44 markets including franchise markets.