H&M Hennes & Mauritz created 12000 new jobs in 2013
The Swedish worldwide operating clothier H&M Hennes & Mauritz increased sales in its fiscal year 2012-13 (ending November 2013) by 9 % (including VAT), without vat these were up 6 % to SEK 128562 million (SEK 120799 million). The worldwide network of stores totalled 356 (304) new stores (mostly located in China and the U.S.) or a total of 3100 stores in 53 countries, and 12’000 new jobs were created within the group, bringing the total personnel to over 116000 (104000)
The groups net profit increased to SEK 17152 million (SEK16867 million).
CEO Karl-Johan Persson commented: 2013 ended strongly with well received autumn collections, which increased our sales in the fourth quarter by 13 % in local currencies. Profit after financial items increased by 11 % to SEK 7.3 billion. This is a good result, considering the substantial long term investments to be made in are such as IT, online, new brands and by broadening our product range. Examples of these investments are our new fashion brand, & Other Stories, which has received a fantastic response, as well as our extended H&M Sport range that was launched this January. The sports collections were designed together with Swedish Olympic Athletes, with a focus on function, fit, design and comfort. Online sales are another area of intensive investment and proven excellent response: one of the world’s most visited fashion websites.
The new fiscal year 2014 started well, with strong sales in December and January. There are still macro-economic challenges in several markets, but H&M is optimistic about 2014. It will be an exciting year with new countries and new opportunities. H&M has trust in its offerings and the management is convinced that the company will further strengthen its market position.