Headlines

H&M Off to Strong Start

Same-store sales on the rise

Published

14 years ago

January 29, 2010

VMSD Staff

Swedish clothing retailer Hennes & Mauritz (H&M, Stockholm) reported a rise in December and January sales and better-than-expected quarterly earnings. The company reports same-store sales rose 3 percent in December following by a 13 percent increase from January 1 to 26. This marks the positive results for same-store sales since April 2009.

Chief Executive Karl-Johan Persson says the company increased its share of all of its markets in the fourth quarter and was optimistic about 2010. “Given the economic situation, it's difficult to say what will happen, but we hope for and expect positive like-for-like sales (next year),” he says.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design