GENERAL MERCHANDISE NEWS
June sales jump for H&M
16 July, 2004 | by Retail Bulletin
Fashion retailer sees better growth
Fashion retailer H&M saw group sales increase by 15 per cent in June, its biggest year-on-year growth this year.
H&M, which operates more than 950 stores across Europe and North America, has seen sales growth figures fluctuate across the year in a tough sales market for many fashion retailers.
Year on-year growth was 13 per cent in April, falling to 7 per cent in May.
The company said recently that it has improved volume growth by lowering prices, down by 5 per cent across the three months to May 31.