H&M group announces 7 percent sales increase in August 2016 compared to same month the previous year

STOCKHOLM, SWEDEN, 2016-Sep-15 — /EPR Retail News/ — The H&M group’s sales including VAT increased by 7 percent in local currencies in August 2016 compared to the same month the previous year. Sales development in August had a very good start. But sales were negatively affected in the second half of the month by exceptionally hot weather in most of the group’s markets.

Third quarter 2016

In the third quarter of 2016, i.e. during the period 1 June to 31 August, sales including VAT increased by 8 percent in local currencies compared to the corresponding quarter last year. Sales including VAT in the third quarter converted into SEK increased by 6 percent and amounted to SEK 56,802* m (53,420). Sales excluding VAT amounted to SEK 48,982* m (46,024), an increase of 6 percent.

The total number of stores amounted to 4,135 on 31 August 2016 compared to 3,675 on 31 August 2015.

The Nine-Month Report, covering the period 1 December 2015 – 31 August 2016, will be published on 30 September 2016 at 08.00 (CET). Percentage sales development for the month of September will be published
on 17 October 2016 at 08.00 (CET).

*The amounts are provisional and may deviate slightly from the Interim Report that will be released on 30 September 2016.

Karl-Johan Persson, CEO

Only press enquiries:

Phone: +46 8 796 53 00
Email: mediarelations@hm.com

Source: H&M/globenewswire

The Stockmann Group announces 0.2 per cent sales increase in August 2016 vs. same period last year

Helsinki,Finland,, 2016-Sep-12 — /EPR Retail News/ — STOCKMANN plc, Company Announcement 12.9.2016 at 10:30 EET

The Stockmann Group’s sales in August were up 0.2 per cent and amounted to EUR 86.8 million in continuing product areas and businesses.

Stockmann Retail’s sales in continuing product areas and businesses were down by 5.1 per cent. Sales grew in the largest product area, fashion, but declined in other product areas. Sales were down by 6.7 per cent in Finland. The renewal works which continued the entire summer in the department store in Helsinki city centre affected the sales negatively. In the Baltic countries, sales were up 4.1 per cent due to good performance in both Tallinn and Riga department stores.

Lindex’s sales were up 2.2 per cent at comparable exchange rates. Sales increased in all Nordic countries, particularly in Norway. Euro-denominated sales were up 4.1 per cent.

Sales (exclusive of VAT) in August

8/2016
EUR mill.
Change-%* 1-8/2016
EUR mill.
Change-%*
Stockmann Retail, Finland 28.5 -6.7 271.0 -10.6
Stockmann Retail, international operations 5.5 4.1 52.5 -3.4
Stockmann Retail, total 34.0 -5.1 323.5 -9.5
Lindex, total 52.7 4.1 409.8 2.0
Group, Finland, total 34.9 -5.3 317.2 -9.3
Group, international operations, total 51.8 4.3 416.1 1.6
Stockmann Group, total* 86.8 0.2 733.3 -3.4

*Continuing product areas and businesses i.e. excluding Russian retail operations, Seppälä, Hobby Hall, Stockmann Beauty, the airport store and the product areas the company has withdrawn from in department stores (electronics, books, sports equipment, toys and pet supplies).

Stockmann’s total sales in August 2016 were EUR 92.9 million, including Hobby Hall. In August 2015, sales were EUR 106.1 million, including also Russian retail operations and discontinued product areas in department stores.

Change-%: change compared with the corresponding period of the previous year. The Group’s sales figures include merchandise sales exclusive VAT in stores and department stores. The figures do not include other operating income such as rental income or service fees.

Further information:
Lauri Veijalainen
CEO
tel. +358 9 121 5062

Nora Malin
Director
Corporate Communications
tel. +358 9 121 3558

www.stockmanngroup.com

STOCKMANN plc

Nora Malin
Director, Corporate Communications

Distribution:
Nasdaq Helsinki
Principal media

Source: Stockmann Oyj Abp/GlobeNewswire

 

BRC – KPMG: sales in August 2016 declined 0.3% against a 0.1% increase in August 2015

London, 2016-Sep-06 — /EPR Retail News/ — Helen Dickinson OBE, Chief Executive, British Retail Consortium. “A month of extraordinary achievement for Team GB certainly produced a feel-good effect and consumer confidence was up on July, but that generally didn’t translate into extra sales. Consumers were enticed towards leisure and outdoor activities rather than shopping, although Food did post its strongest performance in more than two years; fuelled by demand for picnic, barbeque supplies and celebratory drinks.

“Care should be taken in reading too much into August’s lacklustre performance. As we’ve seen in the last couple of months, data portending the health of the economy paint a volatile picture. The fact is that so far little has directly changed for the UK’s consumers as a result of the referendum, so it’s the pre-existing market dynamics that are still driving sales. The slowdown in real wage growth in the first half of 2016 and strong competition will continue to weigh on trend growth in total sales; whilst holiday timings, promotional and seasonal activity will contribute to fluctuations month on month.”

David McCorquodale, Head of Retail, KPMG
“In contrast to July, August’s retail figures illustrate somewhat of a U-turn of retail fortunes. Like-for-like sales were down 0.9 per cent on this time last year – painting a disappointing picture given previous signs of encouragement.

“Sales of women’s fashions performed particularly poorly, despite widespread promotions. The warmer weather made it almost too hot to shop and dissuaded shoppers from looking at the newly arrived autumn products. Despite this, jewellery sales continued to benefit from international shoppers taking advantage of the weaker pound. Whilst for those at home, some of whom may have opted for a staycation given the exchange rate, the warmer weather put wine and barbeques firmly on the menu – much to the delight of food and drinks sellers.

“With the Bank holiday weekend and ‘back to school’ sales largely falling in next month’s figures, it’s unsurprising that children’s fashion and footwear haven’t yet experienced an uplift. Given the volatility of retail sales in the past few months, no doubt retailers will be hoping for a smoother ride in the lead up to Christmas.”

Food & Drink sector performance, Joanne Denney-Finch, Chief Executive, IGD. “A strong August for sales under mainly blue skies completed a good summer for grocery retailers, with the best underlying three-month growth for more than two years. “Although 51 per cent of shoppers feel that the next 12 months is a time for them to play it safe in financial terms, this does not seem to be curtailing overall spending on everyday items like food and groceries.”

For Media Enquiries:
Zoe Maddison
British Retail Consortium
Tel:  0207 854 8924
Email:  Zoe.Maddison@brc.org.uk

Source: British Retail Consortium