H&M Q3 sales up 6 percentMonday, 17 September 2012
H&M Group total sales in August 2012 including VAT increased by 6 percent compared
to the same month the previous year. Sales in comparable units decreased by 4 percent primarily due to the extreme heat wave in a number of European markets in August.
In the third quarter of 2012, during June 1 to August 31, sales including VAT increased by 10 percent in Swedish Krona compared to the corresponding quarter last year. Sales in comparable units were unchanged.
Sales including VAT in the third quarter amounted to SEK 33,568 million (5120.60 million dollars). Sales excluding VAT amounted to SEK 28,806 million (4394.18 million dollars) compare to SEK 26,912 (41, 06.07 million dollars) in the same period last year, an increase of 7 percent.
The total number of stores of H&M amounted to 2,629 on August 31 2012, versus 2,325 last year.