H&M Sales Growth Comes in Shy of Expectations
STOCKHOLM—Hennes & Mauritz reported sales growth below expectations, though work on streamlining its store portfolio means it had 4% fewer stores at the end of the quarter compared with last year.
The Swedish fast-fashion retailer said sales in its fiscal second quarter, which runs from March through May, edged 1% higher in local currencies, versus the 2% rise that analysts at UBS had expected.
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