Home / Knowledge / News / Apparel/Garments / 9M gross sales at apparel retailer H&M climb 5%
9M gross sales at apparel retailer H&M climb 5%
01
Oct '16
For the nine period ended August 31, 2016, sales including VAT at Swedish apparel retailer H&M climbed by 5 per cent to SEK 161,767 million as against SEK 153,444 million in the corresponding period of the prior fiscal. Revenues however grew 7 per cent in local currencies, while sales excluding VAT totalled SEK 139,547 million compared to SEK 132,167.

Gross profit for the reporting period reached SEK 16,630 million, down from SEK 20,094 million, while net profit also fell to SEK 12,722 million, vis-à-vis SEK 15,372 million in the comparable nine month period of earlier fiscal.

The clothing retailer has planned a net addition of around 425 new stores, while also entering three new markets in the current fiscal.

H&M opened its first outlet in Puerto Rico this June and in September in Cyprus, while the first New Zealand store will open in October. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search