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BRIEF-H&M points to leap year as Feb total sales dip
March 15, 2013 / 7:12 AM / 5 years ago

BRIEF-H&M points to leap year as Feb total sales dip

March 15 (Reuters) - Hennes & Mauritz : * Says sales in February 2013 were negatively affected by calendar effects of

just over 3 percentage points due to the leap day on 29 February 2012 * Says difference between the development in local currencies versus SEK in terms of Q1 sales is explained by substantial negative currency translation effects as a result of the continued strengthening of the Swedish krona against most sales countries’ currencies

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