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H&M sales lift 16.74% in Q4FY14
16
Dec '14
Net sales lifted 16.74 per cent year on year in the fourth fiscal quarter ending November 30, 2014, at one of the biggest global apparel retailer and Sweden based, H&M Group.

As per provisional figures, for the fourth quarter of 2014, H&M recorded net sales at SEK 42,605 million as against SEK 36,495 million in the corresponding quarter of 2013.

As of November 30, 2014, number of stores managed by H&M too surged to 3,511 compared to 3,132 outlets on November 30, 2013.

For November, H&M said its sales in local currencies inclusive of VAT increased by 10 per cent from that reported in November 2013. (AR)

Fibre2fashion News Desk - India


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