Sponsors
Billabong ▼ -0.015 | PPR ▼ -0.05 | American Apparel ▼ -0.003 | The Buckle ▲ +0.01 | Columbia ▲ +1.83 | Deckers Outdoor ▼ -0.04 | Dicks ▲ +0.67 | Foot Locker ▲ +0.58 | Genesco ▲ +0.20 | Iconix Brand Group ▲ +0.21 | Jarden Corp ▲ +0.42 | Nordstrom ▲ +0.48 | Luxottica ▲ +1.00 | Nike ▲ +0.82 | Pacific Sunwear ▲ +0.07 | Skullcandy ▲ +0.34 | Sport Chalet ▼ -0.04 | Urban Outfitters ▲ +0.19 | VF Corp ▲ +0.96 | Quiksilver ▲ +0.05 | Zumiez ▲ +0.26 | Macys ▲ +1.08 | Tillys ▲ +0.05 |
Ticker Sponsor
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

H&M reports sales results for May

By Press Releases
June 15, 2011 6:42 AM

Press Release:

 

STOCKHOLM, Sweden--(BUSINESS WIRE)-- Regulatory News:

 

In May 2011, H&M group total sales including VAT increased by 12 percent compared to the same month previous year, calculated in local currencies. In comparable units sales increased by 2 percent. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year.

 

In the second quarter of 2011, i.e. during period 1 March to 31 May, sales including VAT increased by 12 percent in local currencies. Sales in comparable units increased by 2 percent.

 

As a result of the sharp appreciation of the Swedish krona, sales in the second quarter converted into SEK amounted to SEK 32,400 (31,604) m including VAT, an increase of 3 percent.

 

Sales excluding VAT amounted to SEK 27,632 m (27,033), an increase of 2 percent.

 

The total number of stores amounted to 2,297 on 31 May 2011 versus 2,062 on 31 May 2010.

 

Percentage sales development for the month of June will be published on 15 July 2011.

 

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 June 2011.

 

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 approximately 2,300 stores in 40 markets, including franchise markets. In 2010, sales including VAT were SEK 126,966 million and the number of employees is more than 87,000. For further information, visit www.hm.com (http://www.hm.com/).

 

 

 


More on: H&M

Articles You Might Have Missed