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H&M sales growth falls behind expectations

H&M Group sales increased by 6% in local currencies in December, which is the slowest growth since September and behind the 8% analysts had forecast.

Converted into Swedish krona, sales increased by 10% compared to the same month last year.

The fast fashion giant had 4,379 stores on 31 December 2016, up from 3,957 on 31 December 2015.

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