Swedish young fashion chain Hennes & Mauritz (H&M) has reported a 3% rise in like-for-like sales for January.
Total sales during the month increased by 12% compared to January last year. On January 31 the retailer has 2,488 stores compared to 2,210 the year before.
In December like-for-like sales rose 4% with total sales up 13%.
Last month H&M reported that its profits for its fourth quarter dropped 2.4% as the retailer experienced one of the “toughest years for a long time for the fashion retail industry”.
For the three months to November 30 net profit slipped 2.4% to 5.36bn kronor (£505m) from 5.49bn kronor (£517m) a year earlier. Fourth quarter revenue, excluding VAT, was 30.95bn kronor (£2.91bn), up from 29.71bn kronor (£2.80bn) last year.
The retailer will report its percentage sales for February on March 15.