H&M sales rise 15% in Jan, matching forecasts

STOCKHOLM, Sweden - Swedish budget fashion retailer Hennes & Mauritz said on Monday its sales rose 15 percent in January, in line with a forecast which the company provided in its fourth quarter report.

Analysts in a Reuters poll had also predicted the firm, which competes with its bigger rival Zara-owner Inditex , would post a 15 percent increase in total sales.

H&M said in its quarterly report on Jan. 30 that it expected January sales to rise 15 percent.