U.S. News

H&M July Sales Rise 14%, Below Expectations


Hennes & Mauritz said its sales in July rose 14% year-on year, while market expectations were for a 15.1% rise, according to a survey of analysts by SME Direkt.

Same-store sales rose 2% year-on-year versus market expectations of 3.3%.

The number of stores on July 31 amounted to 1,422 versus 1,248 on the same date a year earlier.

hans.chumakonde@thomson.com hc/bsd COPYRIGHT