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Apparel retailer H&M's sales climb 19% in May

June 11, 2014 (Seychelles )

In May 2014, the H&M Group total sales including VAT increased by 19 percent in local currencies compared to the same month last year.
 
Sales in May were positively affected by calendar effects of approximately 3 – 4 percentage points. 
 
In June, this will be reversed, i.e. sales will be affected by negative calendar effects of 3 – 4 percentage points.
 
In the second quarter of 2014, i.e. during period 1 March to 31 May, sales including VAT increased by 16 percent in local currencies. 
 

H&M Group
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