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H&M sales up 16% in Q3

Sales at H&M Group, including VAT, increased by 16% to SEK 45.3bn (£3.8bn) for the three months to August 31.

Sales excluding VAT for the third quarter amounted to SEK 38.8bn (£3.3bn).

H&M Group sales for August were up by 19% year on year.

The total number of stores owned by the retailer increased to 3,341 at the end of August, compared to 2,964 shops on August 31 2013.

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