H&M January sales grow 7%

The FINANCIAL — The H&M group’s sales including VAT increased by 7 percent in local currencies in January 2016 compared to the same month last year.

In January there was a negative calendar effect of approximately 2 percentage points because the month had one more Sunday than in January 2015, according to H&M.

The total number of stores amounted to 3,958 on 31 January 2016 compared to 3,541 on 31 January 2015.

Percentage sales development for the month of February and the total sales in SEK for the first quarter (December-February) will be published in a separate press release at 08.00 (CET) on 15 March 2016.