H&M reports fouth quarter sales increase
H&M has reported its results for the fourth quarter and 2011. For the full year, H&M’s sales including VAT increased 8% in local currencies. However, sales in krona were hit by currency translation effects. Net sales reached SEK110bn (£10.4bn) while gross profit amounted to SEK66.15m (£6.2m), corresponding to a gross margin of 60.1%.
Subscriber only content
You must be a paid subscriber to Retail Week to read this article and receive complete, unrestricted access to retail-week.com
Retail Week Subscribers:
Sign in here.
If you are a Retail Week subscriber please sign in with your email address and click submit:
If you are a subscriber and cannot access subscriber-only content, click here
Not a Retail Week subscriber?
Choose one of these options:
Subscribe today for immediate access to retail-week.com and Retail Week magazine
Find out more about all the benefits of a subscription to Retail Week by clicking below
