By
Reuters
Reuters
Published
May 15, 2012
May 15, 2012
H&M April comparable sales fall 10 percent
By
Reuters
Reuters
Published
May 15, 2012
May 15, 2012
STOCKHOLM - Swedish budget fashion giant H&M said on Tuesday sales at stores open a year or more dropped 10 percent in local currencies in April, right in line with a Reuters poll forecast.
Overall sales eased one percent from a year earlier compared with a mean forecast for no change.
In March, same-store sales spiked 16 percent and total sales 26 percent on the back of warm weather and calendar effects. H&M has cautioned that colder temperatures and fewer shopping days would have a very negative effect in April.
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