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H&M (STO: HM-B) Monthly Sales Update: Sequential Sales Improvement in January

Executive Summary

  • H&M reported total sales rose by 8% year over year in local currencies in January 2017. This compares to sales growth of 6% in December. January sales were negatively impacted by 2% due to a calendar impact.
  • The total number of stores grew by 10.7% year over year to 4,380, as of January 31.
  • Sales growth lagged store growth by 266 basis points in January, contracting from the 466-bps difference in December.

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