H&M Comparable July Sales Fall 1%; Total July Sales +9%
15 August 2013 - 4:36PM
Dow Jones News
Swedish fashion retailer Hennes & Mauritz AB (HM-B.SK)
Thursday said sales at stores open for at least a year fell 1% on
the year in July.
MAIN FACTS:
-Analysts polled by Dow Jones Newswires had forecast a
comparable sales increase of 0.6%.
-Total sales, including value-added tax in local currencies,
rose 9% in July compared with the same month a year earlier.
-Analysts polled by Dow Jones Newswires had forecast a total
sales increase of 10.2%.
-H&M had 2,940 stores on July 31, compared with 2,603 stores
at the same time last year.
-Write to Jens Hansegard at jens.hansegard@dowjones.com
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