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H&M sales up 8% in September

Sweden’s H&M Group has reported an 8% increase in sales in September, after warning last month that it may be affected by the unusually warm weather across many of its markets.

The figure compared to an increase in sales the month before of 19% year on year. The retailer did not release a specific sales figure for the UK for September.

The group, which had 3,388 stores globally on September 30, opened a total of 382 stores in the last 12 months.

Chief executive Karl-Johan Persson also visited Bangladesh on Tuesday (October 14) to discuss wages for textile workers. The group does not own factories in the country but sources products from around 300 facilities that employ more than 600,000 workers.

Persson met with the minister of commerce Tofail Ahmed to present the group’s request for effective systems that regulate costs and prices in Bangladesh. He said continued wage development was required through annual revisions, and added costs in society are negating many of the positive effects of increased wages.

At the meeting Persson also raised the importance of establishing a structure for compensation in case of workplace accidents and a greater government attention on the shortage of clean water.

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