H&M sees 10% rise in July group sales

By

Cajsa Lykke Carlson

Published
Aug 15, 2016

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.