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
Argentina hides the truth about the death of San Juan submarine
Moving inexorably towards war
Presidential and midterm elections in the USA change the 'American project' entirely
USA plays to pretend a mighty dragon that can no longer breathe fire
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Nagorno-Karabakh: 20,000 people killed, but no one is interested
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Russians lose faith in their future, get ready for worse
Theatrical posters depicting naked dancers banned in Russian provincial city
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy