SWEDEN: H&M Says July Sales Rose 8%
Swedish fashion giant Hennes & Mauritz AB on Friday posted a lower-than-expected eight per cent rise in July sales compared to the same month of 2002 as sweltering Europeans stayed away from the high street. Analysts had expected the company to post monthly sales growth of 11 per cent. It also posted an eight per cent rise in sales for the previous month which was again less than many city watchers had forecast.
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