SWEDEN: H&M June Sales Surge 19 Per Cent
Year-on-year sales grew by 13 per cent in May 2002.
Carl-Henric Enhorning, head of investor relations, told Reuters: "We have had a good development on all markets. There is the summer collection which we have in all the shops and which has turned out to be a very good one."
He went on to say that H&M, the world's largest clothing retailer by market capitalisation, did not open any new shops in June, but was on track with its expansion plans to add 55 new outlets to its existing 801 stores in 14 countries.
Companies: H&M Hennes & Mauritz AB
- Fashion fit for the future – strategies for speed
- Digitisation to drive new apparel-making models
- Will new Vietnam wage hinder competitiveness?
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- Gap to shutter all UK Banana Republic stores
- M&S "unappealing" clothing a barrier to growth
- Reebok Liquid Factory reinvents shoe production
- Child refugees found in Turkey apparel factories
- Bangladesh tops China as lead cotton importer
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020