Swedish retail clothing giant H&M posted a 27% rise in net profit in the first quarter, to €247.7m, boosted by a 11.4% boost in sales.
During the period, H&M's pretax profit jumped by 27.2% to €366m.
A first shoe assortment for women was delivered to 200 selected stores during the quarter, and sales had started very well,'' it said.
During the period the group opened nine new stores and closed three, and at the end of February it had 1,351 stores.
