STOCKHOLM (dpa-AFX) - Swedish retailer Hennes & Mauritz AB (HNNMY.PK, HMRZF.PK, HEN.L) reported Friday that its sales including VAT in the month of March 2016 increased 2 percent in local currencies from the same month in the prior year.
The company noted that sales in March, April and May should be viewed together because the Easter holiday falls in different months in different years, and partly also because the weather during this period can vary greatly from year to year.
For H&M in general, a late Easter is better than an early Easter. Weather conditions in March last year were favourable for the season, while the opposite is true this year.
As of March 31, the total number of stores amounted to 3,997, compared to 3,580 a year ago.
Copyright RTT News/dpa-AFX