H&M, the Swedish multinational fast fashion retailer, has noted an increase of 3 per cent in sales including VAT in the month of February 2017 compared to the same month last year.
During the first quarter from December 2016 to February this year, the fashion brand’s sales including VAT amounted to SEK 54,369 million (50,624), an increase of 7 per cent. Sales excluding VAT amounted to SEK 46,985 million (43,691), up 8 per cent from comparable period last year. In local currencies, sales including VAT increased by 4 per cent. This has been stated in a statement issued by the company.
Also Read – H&M breaking gender barriers with ‘Denim United’
The total number of stores were 4,393 as on 28 February 2017 compared to 3,970 on 29 February 2016. Earlier this month, H&M also unveiled a sustainable unisex denim collection called Denim United and breaking down traditional gender barriers.
