By  on July 15, 2011

PARIS — Hennes & Mauritz AB said same-store sales fell 4 percent in June after an increase of 2 percent in May.

Sales in local currencies were up by 5 percent, also down from May, when they rose 12 percent, the Swedish high-street retailer said. H&M did not provide an explanation for the poor June sales data.

In June 2010, it had reported a 9 percent rise in same-store sales and a 20 percent jump in local currencies.

The store count at the world’s third-largest fashion chain stood at 2,305 doors on June 30, compared with 2,062 stores at the same time last year.

To access this article, click here to subscribe or to log in.

load comments
blog comments powered by Disqus