16.74% Lift In H&M Sales

Hennes & MauritzOne of the biggest global apparel retailers and Sweden based H&M Group has lifted its net sales 16.74 per cent year on year in the fourth fiscal quarter ending November 30 last.

As per provisional figures, for the fourth quarter the brand recorded net sales at SEK 42,605 million as against SEK 36,495 million in the corresponding quarter of 2013.

As of November, number of stores managed by H&M too surged to 3,511 compared to 3,132 outlets on November 30 last year.

For November, H&M said its sales in local currencies inclusive of VAT increased by 10 per cent from that reported in November 2013.

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