Source AP ©

Hennes & Mauritz says March sales rose 29 percent on warmer weather

Fashion retailer H&M Hennes & Mauritz AB, which last month introduced a range of clothing co-designed by pop star Madonna, said Monday that March sales rose 29 percent as the company benefited from warmer weather and opened new stores.

Like for like sales - or sales at stores open for at least a year - rose 17 percent, the company said in a statement. H&M did not provide specific financial figures.

The number of stores came to 1,386 as of March 31, compared with 1,216 on the same date in 2006. The company said last month its first-quarter net profit rose 27 percent as expansion helped boost sales.

H&M shares gained 2 percent to 438.5 kronor (US$63.92; EUR47.27) in Stockholm.

Comments
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Trump's solar wall and barefaced lies
US-Russian confrontation: War is peace, freedom is slavery
Why Russia continues investing in US public debt
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Who loses and wins most from Caspian Sea division
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Russians tired of Putin's foreign policy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Why Russia continues investing in US public debt
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Who loses and wins most from Caspian Sea division