Tuesday, February 16, 2016

Rising sales for H & M – Business World


     H & amp; M store in New York. Photo: All over the press
     

The clothing chain H & amp; M’s total sales including VAT in local currencies increased by 7 per cent in January, compared to the same month last year.

expectations were at a total sales increase of 7.0 percent, according to a survey from SIX News / inquiry Financial. The change is calculated at constant exchange rates and including VAT.

H & amp; M says that January sales were impacted by negative calendar effects of approximately 2 percentage points since the month contained a Sunday more than in January 2015.

At the end of January 2015, the H & amp; M a total of 3,958 stores worldwide, compared to 3,541 stores the same period last year.

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