Hennes & Mauritz January Sales Rise 7%; Stock Up - Quick Facts

(RTTNews) - Swedish retailer Hennes & Mauritz AB (HNNMY.PK, HMRZF.PK, HEN.L) Monday reported that its sales for the month of January including value added tax or VAT increased 7 percent in local currencies. This is compared to last year's sales growth of 14 percent and preceding December month's sales growth of 10 percent.

In January, there was a negative calendar effect of approximately 2 percentage points because the month had one more Sunday than in January 2015.

The total number of stores amounted to 3,958 on 31 January 2016, compared to 3,541 on 31 January 2015.

Percentage sales development for the month of February and the total sales for the first quarter will be published on March 15.

In Stockholm, H&M shares are currently trading at 275.80 Swedish kronor, up 2.53 percent.