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Fashion Jobs
By
Reuters
Published
Jul 15, 2011
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H&M June same-store sales -4 pct, match consensus

By
Reuters
Published
Jul 15, 2011

July 15 - Swedish budget fashion giant Hennes & Mauritz posted on Friday a 4 percent drop year-on-year in sales at established stores in local currencies, in line with market expectations.

H&M
H&M Colour Blocks collection

The mean forecast in a Reuters poll of analysts had been for a 4.3 percent drop.

The world No. 2 clothes retailer after Zara owner Inditex said total June sales, which include stores opened in the past year, were in local currencies up 5 percent, also matching analysts' expectations.

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