H&M Registers Sales Decrease in Austria

Published: January 26, 2012; 19:41 · (Vindobona)

The Swedish clothing chain records a decrease in sales in Austria.

H&M Registers Sales Decrease in Austria / Picture: © H&M

In Austria, H&M´s sales amounted to € 158m in the last quarter. This is a decrease by 3% (by 5% in Swedish Krona). According to H&M, global markets proved competitive. Moreover, commodity prices showed a substantial increase. As a result, the corporation´s profit was down by 5%. Nevertheless, H&M plans to continue its expansion plans. H&M Austria is the market leader…

This article includes a total of 77 words.

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