Company Earnings Update 2 minutesRegister for Free AccessH&M (STO: HM-B) Monthly Sales Update: Sales Slow Down in February Coresight Research March 16, 2017 Executive Summary H&M reported total sales rose by 3% year over year in local currencies in February 2017. This compares to year-over-year sales growth of 8% in January. Sales in February were negatively impacted by 4% due to a calendar impact, since 2016 was a leap year. The total number of stores grew by 10.7% year over year to 4,393, as of February 28. Sales growth lagged store growth by 766 basis points in February, expanding from the 266-bps difference in January. H&M also reported total sales rose by 4% year over year in local currencies in 1Q 2017, the period from December 1, 2016 to February 28, 2017. During the period, sales including VAT amounted to SEK54.4 billion (US$6.0 billion), an increase of 7% year over year, while sales excluding VAT amounted to SEK47.0 billion (US$5.2 billion), up 8% year over year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: BEST at Retail: Experiences—Consumer Centricity Boosts EngagementThree Things You Need To Know: Influencer Marketing in the Global Beauty MarketResearch Preview: The Future of MallsShoppers Enter “Summer Mode”: US Consumer Tracker 2023, Week 26