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H&M sales drop 5% in June

H&M’s like-for-like sales fell 5% in June.

Total sales in local currencies were up 4% over the period.

The June performance was an improvement on the previous month when like-for-like sales dropped 9%, but thiswas still down from the calendar year high in April, when like-for-like sales rose 8%.

H&M had 1,827 stores at June 30 compared to 1,600 the same time last year.

 

 

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