Sales Volume From H&M1 To August
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Latest fashion
Chain company H&M released its sales performance in July.
Data show that in July this year, the total sales volume of H&M stores (including new stores shortly after opening up) increased by 21% over the same period.
For specific sales data, H&M has not been released.
But according to market analysts, the total sales increase of H&M is 11.7%.
Sales rose by 1.7% over the past year.
It is reported that in April this year, H&M released the first quarter earnings report, the company's net profit rose 45% over the same period last year, 2 billion 600 million kronor increased to 3 billion 700 million kronor (US $511 million).
As the second largest fashion in Europe
Retailer
H&M's quarterly sales increased from 23 billion 300 million kronor in the same period last year to 24 billion 800 million kronor, up 7% over the same period last year.
According to local currency, the company's sales increased by 13% this quarter, but if the new stores were excluded, the sales increased by only 2% this quarter.
The gross profit margin of the company increased from 56.6% in the same period last year to 61.9%, higher than analysts expected.
As of February this year, the company had 1992 stores, compared with 1748 in the same period last year.
It is understood that
H&M
A family business, founded by Erling Persson in 1947, is the chief executive of the company, Karl-JohanPersson, Erling Persson's great grandson Carle Carle.
He succeeded Rolf Erickson, RolfEriksen, who was retiring from H&M in July 1, 2008.
At present, with good development momentum, H&M is only the third largest fashion chain store in the world, behind the United States' GAAP group and Spain's Inditex group.
At present, from designer Karl Lagerfeld (KarlLagerfeld) to Sonia Rykiel, H&M company has cooperation with them.
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