H&M posts lower-than-expected same-store sales for October

11/16/2009 | Wall Street Journal, The

Hennes & Mauritz reported a 3% decline in same-store sales for October, while analysts had expected a jump of 3.3%. The Swedish fashion retailer said sales in Spain, France and the US were challenging. Total sales increased 7% and sales in Germany surged 12%, according to Textilwirtschaft, an industry journal.

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