H&M Q4 sales up 13 percent

REPORT_ H&M Group total sales including VAT increased by 21 percent in

November. Sales in comparable units increased by 10 percent. In the fourth quarter of 2013, sales including VAT increased by 13 percent compared to the corresponding quarter last year. Sales in comparable units increased by 3 percent in the fourth quarter.

The total number of stores amounted to 3,132 on November 30, 2013, versus 2,776 on November 30, 2012. H & M Hennes & Mauritz is based in Sweden. The group is present in 53 markets. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories as well as H&M Home.