SWEDEN: H&M July Sales Soar 19 Per Cent
The world's largest fashion retailer by market capitalisation, Hennes & Mauritz, on Thursday posted an 18 per cent year-on-year jump in monthly sales but did not reveal figures in financial terms. The operator of more than 800 outlets in 14 countries said in a statement same-store sales rose eight per cent last month. Analysts were pleased with the results which follow a 19 per cent climb in monthly sales in June.
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