Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
SWEDISH FAST-FASHION CHAIN H&M has capped 20 months of rising global sales only 4 days before the launch of its new flagship store in Dublin.
The budget clothing retailer, known for enlisting celebrities for its marketing campaigns, reported its sales were up 10% in November when compared to the same month last year.
Sales for H&M, an abbreviation of Hennes & Mauritz, were up 14% over a full year, outstripping the company’s rapid-fire growth in its number of outlets.
H&M reported sales for the three months from September to November were up 11% to about €4.5 billion for the period, excluding sales taxes.
It has 3,511 outlets open worldwide at the end of November compared to 3,132 for the same time in 2013 – an increase of about 12%.
The company already operates 14 stores in Ireland and will open the doors for its latest outlet, a new flagship store in the former National Irish Bank building on College Green, on Thursday.
Making a difference A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.
H&M had been among many retail chains that complained of weaker-than-expected autumn sales because of unusually warm weather putting shoppers off stocking up on winter lines.
However the company has still delivered an increase in total sales every month since March 2013.
H&M has recruited celebrities from David Beckham to Beyoncé to front its campaigns, although it has been criticised for using computer-generated models to show off products on its website.
COMMENTS (19)