H&M reports 14% sales rise in November

SWEDEN: H&M reports 14% sales rise in November

By just-style.com | 17 December 2007

Swedish retail giant H&M has posted November sales up 14%, with its growth rate above the corresponding month last year but below the previous two months of this year.

H&M's sales rose 15% in October, having reported a September sales increase of 25%.

Same-store sales in November, meanwhile, rose 1%, compared to 3% in October.

The company's financial year ended on 30 November, and results are to be published in January. Its number of stores amounted to 1,522 at the end of the month, versus 1,345 on 30 November 2006.

Sectors: Apparel, Manufacturing, Retail

Companies: H&M