H&M Sales Beat Expectations

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The FINANCIAL — In the month of July 2010, sales in local currencies including VAT increased by 21 per cent compared to the same month previous year, H&M reported.

 

In the month of July 2010, sales in local currencies including VAT increased by 21 per cent compared to the same month previous year, H&M reported.

 

Sales development per month in percent excl. currency rate changes:

 

2006/07 2007/08 2008/09 2009/10

December   16(5)   10(-1)  3(-7)   15(3)
January    16(5)   17(3)   9(-1)   11(1)
February   15(5)   24(10)  1(-8)   10(-1)
March      29(17)  3(-8)   6(-3)   21(9)
April      21(8)   -1(-10) 19(8)   4(-6)
May        10(-2)  25(14)  0(-9)   6(-4)
June       17(5)   8(-2)   4(-5)   20(9)
July       14(2)   15(3)   7(-3)   21(10)
August     11(-1)  8(-3)   -3(-11) 
September  25(12)  10(-2)  1(-8)   
October    15(3)   9(-2)   7(-3)   
November   14(1)   7(-4)   1(-9)   
                                  
Whole year 17(5)   11(-1)  4(-5)   

The figures in parenthesis represent the sales development in comparable units. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year. H&M’s financial year is 1 December to 30 November.

 

The number of stores amounted to 2 066 on 31 July 2010 versus  1 828 on 31 July 2009.

 

 

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