H&M says sales fell 5 percent
China Daily | Updated: 2009-07-16 08:06
STOCKHOLM: Swedish fashion chain Hennes & Mauritz reported yesterday a bigger than expected 5 percent year-on-year fall in sales at established stores in June.
The average forecast given in a Reuters poll of 10 analysts had been for like-for-like sales to drop 1.7 percent.
Total sales were up 4 percent, well below an average forecast of an 8.3 percent rise.
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