H&M sees 10% rise in July group sales
H&M, the Swedish fast fashion giant, has published its figures for the month of July.
The company said group sales rose 10% in the month., compared with July 2015. On the 31st of July, H&M had 4,105 stores in total, compared with 3,649 on 31 July 2015. H&M will publish percentage sales development for the month of August and total revenue in SEK for the third quarter on September 15.
Last month, H&M revealed that its designer collaboration for this year is with Carol Lim and Humberto Leon of Kenzo. The collaboration will launch on 3rd November at 250 selected H&M stores worldwide and on the retailer's e-store.
H&M is expanding in the UK and recently announced a number of new store openings in the country.
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