STOCKHOLM (dpa-AFX) - Swedish apparel retailer Hennes & Mauritz AB or H&M (HNNMY.PK, HMRZF.PK, HEN.L) Friday reported rise in sales for the month of July 2014.
Total sales for July including Value Added Tax or VAT, increased 17 percent year-over-year in local currencies.
For the month of June, H&M had reported 12 percent rise in total sales including VAT.
As of July 31, 2014, total number of stores were to 3,314, up from 2,940 on July 31, 2013.
The company noted that percentage sales development for the month of August and total revenue in SEK for the third quarter ending August, will be published in a separate press release on September 15.
In Stockholm, the shares are up 2.40 percent at 294.80 Swedish kronor.
Copyright RTT News/dpa-AFX