STOCKHOLM (dpa-AFX) - Apparel retailer Hennes & Mauritz AB or H&M (HNNMY.PK, HMRZF.PK, HEN.L) said the Group's sales, including VAT, grew by 15 percent in local currencies in December 2014, compared with last year.
The total number of stores amounted to 3,537 on December 31, 2014 versus 3,176 on December 31, 2013.
Founded in Sweden in 1947, H & M is quoted on NASDAQ OMX Stockholm. The company's business concept is to offer fashion and quality at the best price. In addition to H&M, the Group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories as well as H&M Home.
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