H&M: 180 New Stores Open In The Second Half Of The Year
Swedish daily news and
Thelocal
News network reported on June 24th that Swedish clothing chain giant -H&M issued a press release that the company's turnover in the first half of 2010 was about 51 billion 879 million Swedish kronor, an increase of 4% over the same period last year, and the external profit of financial items amounted to 12 billion 100 million kronor, an increase of 30% compared with the same period last year. The group's after tax profits of SEK 8 billion 950 million, about 5.41 KRK per share.
Among them, the second quarter profit increased by 24% over the previous year, reaching 5 billion 210 million kronor (about US $668 million), with sales of SEK 27 billion 700 million, an increase of 2% over the same period last year.
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In the first half of the year,
H&M group
There are 86 new branches in the world.
Chain store
The total number increased to 2062, of which 33 were in China.
In the second half of the year, the company also plans to open 180 new stores in Germany, the United States, Britain, France, China and Italy.
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