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H&M says November same-store sales down 9%

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Reuters
Published
today Dec 15, 2009
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STOCKHOLM, Dec 15 (Reuters) - Swedish fashion chain Hennes & Mauritz (HMb.ST) reported on Tuesday 15 December sales at its established stores fell 9 percent year-on-year in November.

H&M
Photo : AFP

Total sales were up 1 percent.

The figures compared with an average forecast of a fall of 5.5 percent at stores operating for more than one financial year and a 4.7 percent increase in total sales.

The company said in a statement December had started well, with sales rising around 11 percent in the first two weeks.

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