H&M July sales up 9 percent

In July 2013, H&M group total sales including VAT in local currencies increased by 9 percent

compared to the same month the previous year. Sales in comparable units decreased by 1 percent. H&M had 2,940 stores on July 31, 2013, versus 2,603 stores on July 31, 2012.

Karl-Johan Persson is the managing director of the group. H & M Hennes & Mauritz AB was founded in Sweden in 1947. 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, Cheap Monday & Other Stories as well as H&M Home. The H&M group has stores in 49 markets including franchise markets.