H&M, A Swedish Fashion Chain, Grew By 17% In November.

    The second largest clothing retailer in Europe Swedish fashion chains Hennes & Mauritz AB The following is the H&M, which released its sales performance on Wednesday. Data show that in November of this year, H&M Sales increased by 17% over the same period last year, and store sales increased more than 8% year-on-year.

　　
It is reported that H&M Founded in Sweden in 1947, it was listed on the NASDAQ OMX Stockholm stock exchange. The company's business philosophy is to provide fashion and quality at the best price. In addition to H&M, the group's brands include COS , Monki, Weekday and Cheap Monday and H&M Home 。 H&M group has about 2000 stores in 37 global markets. In the third quarter of this year's earnings report, H&M Net profit increased by 23%, and sales increased by 14% in August. It is understood that in order to speed up the pace of expansion in emerging markets, H&M has been adding new stores at a faster pace. The company originally planned to open 140 stores and close 10 stores in the fourth quarter of this year. but H&M The company's new store will be less than planned in 2010 because of the recession, which has led to the construction of some large shopping centers. As a result, the number of new stores will drop to 220 in 2010 compared with the previous 240.