H&M records double-digit sales growth for tenth consecutive month

Swedish clothing brand H&M has recorded double-digit growth for the tenth consecutive month. In July H&M’s sales rose 16% compared to the same period last year.

One of the major factors driving this growth is H&M’s expanded home and beauty ranges and website improvement so much so that the brand plans to open 400 stores by the end of 2015 in addition to rolling out its new beauty range to 900 stores in 40 markets and online.

H&M’s growth in July sales is the highest recorded since August 2014. The retailer hasn’t seen a month of sales decline since March, when revenues dipped 4%.

EndFragment

Original Article