Stockholm, Sweden (BBN) – The H&M group’s overall sales increased by 10 per cent in local currencies in July 2016 compared to the same month the previous year.
The total number of stores amounted to 4,105 on 31 July 2016 compared to 3,649 on 31 July 2015, the global fashion retailer said in a statement on Monday.
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way.
In addition to H&M, the group includes the brands & Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home.
The H&M Group has more than 4,100 stores in 62 markets including franchise markets.
In 2015, sales including Value Added Tax (VAT) were SEK 210 billion and the number of employees is more than 148,000.