H&M books 9% rise in June same-store sales

Fashion retailer H&M has booked a 9% rise in same-store sales in June, after demand last year was hit by shoppers paring back in the recession.

The fast-fashion chain also managed to reverse a decline in sales in both April and May at stores open for more than a year.

Sales in local currencies including VAT increased by 20% in June compared to the same month last year, it said. Revenues were helped by the addition of 235 new stores in the year, taking its total to 2,062 stores.

H&M, the world’s third largest retailer by revenue, last month filed an upbeat earnings report and announced plans to move into three new markets.

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