H&M reports 8% sales lift in 2011

The Swedish fashion chain H&M is planning to open 275 more new outlets in 2012.

26th January, 2012
H&M reports 8% sales lift in 2011
{ }

Fashion retailer H&M Group said sales in local currencies rose by eight percent during the last financial year amid steady expansion although sales in comparable units decreased by one percent.

Fourth quarter sales were six per cent higher, missing analysts' estimates.

H&M opened 266 new outlets in 2011, mostly in China, the US, Britain and Germany. It would open 275 new shops this year, it said, including its first outlets in Bulgaria, Latvia,...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say