Reuters logo
H&M comparable sales down 2 percent in December
January 15, 2013 / 7:13 AM / 5 years ago

H&M comparable sales down 2 percent in December

STOCKHOLM (Reuters) - Hennes & Mauritz (HMb.ST), the world’s second-biggest fashion retailer, posted on Tuesday a smaller-than expected 2 percent drop in December sales at stores open a year or more.

An H&M clothing store logo is pictured in Hollywood, California January 26, 2011. REUTERS/Fred Prouser

The mean forecast in a Reuters poll of analysts had been for a 4 percent like-for-like sales drop.

Total sales in December, the first month of the Swedish budget apparel firm’s fiscal year, were up 8 percent from a year earlier in local currencies, beating a forecast for a 5 percent increase.

Reporting by Anna Ringstrom

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below