Fashion retail chain H&M reported a 12-percent growth in revenues in the fiscal year 2015-16, with sales hitting CZK 3.1bn in the Czech Republic. The Swedish retailer’s profit rose to CZK 145m, up by CZK 2m from the previous year, according to H&M’s annual report. This year the company said it wants to focus on sale and cost efficiency. H&M is planning to open an additional six stores across the Czech Republic. The retailer has 48 stores in the country and 938 employees. It operates an e-shop on the Czech market as well.
