The Swedish multinational fast fashion retailer H&M Group’s sales including VAT during one month period ended March 28 increased by 7 per cent in local currencies compared to the same period last year.
Sales in March, April and May should be viewed together, partly because the Easter holiday falls in different months in different years and partly because the weather during this period can vary greatly from year to year, the fashion brand said in the press release issued.
The total number of H&M stores amounted to 4,426 on 31 March 2017 compared to 3,997 stores on 31 March 2016.
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H&M was founded in Sweden in 1947. Its business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the Group includes brands like & Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home.
The H&M Group has stores in 65 markets including franchise markets. In 2016, sales including VAT were SEK 223 billion. The number of employees amounts to more than 161,000.
