June 19, 2013 / 11:01 AM / in 5 years

H&M says new collections selling well

STOCKHOLM (Reuters) - H&M (HMb.ST), the world’s second-largest fashion retailer, reported a sharp rise in sales so far in June, with new collections selling well.

    Chief Executive Karl-Johan Persson said that although H&M had entered the third quarter with higher inventories than planned, June promotions had not started earlier than last year and appetite for marked-down clothes was good but more notably, new collections were selling better than expected.

    “What’s great to see is that it’s primarily full-price, the new collections, that sells well,” he told Reuters on Wednesday. “That’s where we over-achieve. There may of course be pent-up demand from a cold spring, who knows. But it feels good.”

    Reporting by Anna Ringstrom; Editing by David Holmes

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below