Home / Knowledge / News / Apparel/Garments / H&M sales up 6% in Q1 FY'13
H&M sales up 6% in Q1 FY'13
15
Mar '13
H&M Group total sales in the first quarter, i.e. 1 December 2012 to 28 February 2013, sales increased by 6 percent including VAT in local currencies compared to the corresponding quarter last year.

Sales in comparable units decreased by 3 percent. Sales in the quarter were negatively affected by calendar effects of just over 2 percentage points.

Sales in the first quarter converted into SEK increased by 2 percent and amounted to SEK 33,146 m (32,503) including VAT. Sales excluding VAT amounted to SEK 28,392 m (27,832).

The difference between the developments in local currencies versus SEK is explained by substantial negative currency translation effects as a result of the continued strengthening of the Swedish krona against most sales countries’ currencies.

The total number of stores amounted to 2,818 on 28 February 2013 versus 2,491 on 29 February 2012.

H&M

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
March 2017

March 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