H&M (Hennes & Mauritz) sales including VAT increased by five per cent in local currencies in April 2016 compared to the same month the previous year.The total number of stores amounted to 4,035 on April 30, 2016, compared to 3,610 on April 30, 2015.
The cold spring which continued into April in several of H&M’s large markets has had an unfavorable impact on sales of transitional garments.
The company plans to open 50 stores in India.
H&M features a wide range of fashion using many different concepts, from updated classics and basics, to clothes that reflect the very latest international trends.
H&M was founded in Sweden in 1947. It offers fashion and quality at the best price in a sustainable way. It’s a pioneer of design collaborations with style icons such as Karl Lagerfeld, Stella McCartney, Viktor & Rolf, Roberto Cavalli, and Comme des Garçons. H&M offers a varied assortment for the entire family, including concepts for women, men, teenagers and children. The products include clothing, accessories, footwear, sportswear, cosmetics, and home textiles.
In addition to H&M, the group includes the brands Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home. The group has more than 4,000 stores in 61 markets including franchise markets. The number of employees is more than 1,48,000.