Hennes & Mauritz Posts Surge In March Sales

Hennes & Mauritz AB HNNMY reported a rise in its March sales. The company's sales, including VAT, climbed 10% y/y in local currencies in March, versus a 13% growth in the year-ago month. Analysts were expecting a 7.5% rise in March sales. On March 31, 2015, the company had 3,580 stores, up from 3,216 on 31 March, 2014. Hennes & Mauritz shares rose 0.50% to close at $8.01 yesterday.