STOCKHOLM (dpa-AFX) - Swedish apparel retailer Hennes & Mauritz AB or H&M (HNNMY.PK, HMRZF.PK, HEN.L) Monday reported growth in sales for the month of October, with increase in number of stores at the period end.
Total sales for the month, including value added tax or VAT, climbed 14 percent in local currencies, compared to the same month last year.
The sales growth was 11 percent in October last year, and it grew 8 percent in the preceding month of September.
As of October 31, the company's total number of stores were 3,437, up from 3,081 in the same period last year.
The company is scheduled to publish its percentage sales development for the month of November and total revenue in SEK for the fourth quarter to November, on December 15.
For the recent third quarter, the retailer had reported lower margin, but profit and sales climbed with improved results at all brands and regions.
In Stockholm, Hennes & Mauritz shares closed Friday's trading at 299.70 Swedish kroner.
Copyright RTT News/dpa-AFX