H&M group reported total sales including VAT in local currencies decreased by 1 percent in April 2012, compared to the same month the previous year. Also, sales in comparable units decreased by 10 percent.
Sales in April have mainly been affected by unfavorable weather but also by a very negative calendar effect. Comparable units that decreased by 10 percent comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year. The total number of stores amounted to 2,549 on 30 April 2012 versus 2,264 on 30 April 2011. In 2011, sales including VAT were SEK 128,810 million.
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947. H&M includes the brands COS, Monki, Weekday and Cheap Monday as well as H&M Home. The H&M Group has more than 2,500 stores in 44 countries. This includes franchise stores.
