H&M November sales increase 10 percent

REPORT The H&M Group’s sales including VAT increased by 10 percent in local currencies in November 2014 compared to the same month last year. In the fourth quarter of 2014, September 1 to November 30, sales including VAT increased by 11 percent in local currencies.

Sales including VAT in the fourth quarter converted into Swedish Krona amounted to 49,609 million Swedish Krona (6,571.6 million dollars) and sales excluding VAT amounted to 42,605 million Swedish Krona (5,643.3 million dollars). The total number of stores amounted to 3,511 on November 30, 2014 versus 3,132 on November 30, 2013.

Percentage sales development for the month of December will be published at January 15, 2015. The full year report, covering the period December 1, 2013 to November 30, 2014, will be published on January 28, 2015 and on March 24, 2015, company would release its three-month report covering the period from December 1, 2014 to February 28, 2015.