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H&M Sales Down 4% in June


(Filed Under Financial and General Interest News). Following an increase of 2 percent in May, Swedish retail chain Hennes & Mauritz AB reported that same-store sales were down 4 percent for the month of June.

June 2010 saw the retailer posting a 9 percent rise in same-store sales and a 20 percent increase in sales in local currencies. This year, sales in local currencies increased 5 percent, down from May, when they went up 12 percent.

H&M has notably increased the number of stores operating from one year ago, with 2,305 at the end of June and 2,062 stores operating June 30, 2010.


more Financial and General Interest News >>

Published 07-15-2011 by Katherine Rautenberg

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