Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

H&M February Sales Fall 3 Percent, More Than Anticipated

Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported sales that dropped more than analysts anticipated.

Revenue from stores and operations open at least a year dropped 3 percent, the Stockholm-based company said today, exceeding the SME consensus of a 1.9 percent drop.

H&M, the purveyor of 10-euro ($13) studded T-shirts, is trying to expand its customer base by diversifying its brand portfolio. To compete with Spain’s Inditex SA, H&M is bringing the more upscale ‘& Other Stories’ brand to 10 European markets. After earlier overtaking H&M by total sales, Inditex last year also passed H&M by market value as its shares surged 67 percent, outpacing the Swedish clothing company’s 1.5 percent gain.

Revenue including value added taxes rose 2 percent to 33.1 billion kronor ($5.2 billion) in the three months through February, H&M said today. The total number of outlets increased to 2,818 as of Feb. 28 compared with 2.491 last year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.