H & M Is Also Growing in Sales

The confrontation between the two major textile powers of the moment does not cease. Yesterday Inditex was who announced a 15% more in sales in the first quarter and is now H & M who manages a 12% more in sales for the second fiscal quarter of 2011 (from March to may).

This results in 4,178 million euros (originally, 36.947 million Swedish Crowns), 14% more than last year. A surprise for the results expected by the market: 1% less in sales (stores with at least 13 months of activity), which rise 2%.

The number of H & M stores has dropped to 2.297 opposite the 2.575 of last year to May 31.

The great stays very high showing that they remain limits to grow. The client is still committed to this type of fast fashion stores.

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