H&M January sales increase 7 percent
REPORTThe H&M group’s sales including VAT increased by 7 percent in local currencies in January 2016 compared to the same month last year. The company said that in January there was a negative calendar effect of approximately 2 percentage points because the month had one more Sunday than in January 2015.
The total number of stores amounted to 3,958 on January 31, 2016 compared to 3,541 on January 31, 2015. H & M, founded in Sweden in 1947, along with H&M brand offers other fashion brands such as COS, Monki, Weekday, Cheap Monday, & Other Stories as well as H&M Home.