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Details on Industry Insight.
STOCKHOLM, Sweden--(BUSINESS WIRE)-- Regulatory News:
In the month of October 2010, sales in local currencies including VAT increased by 13 per cent compared to the same month previous year. In comparable units sales increased by 3 percent.
The total number of stores amounted to 2,143 on 31 October 2010 versus 1,925 on 31 October 2009.
For table over the sales development during the last years, see attached document.
Sales development in the month of November will be published on Wednesday 15 December 2010 at 08.00 CET.
Karl-Johan Persson, Managing Director
The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden's Securities Market Act. It was released for publication at 08.00 (CET) on 15 November 2010.
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the group includes the brands COS, Monki, Weekday and Cheap Monday as well as H&M Home. The H&M Group has more than 2,100 stores in 38 markets. In 2009, sales including VAT were SEK 118,697 million and the number of employees was around 76,000. For further information, visit www.hm.com (http://www.hm.com/).