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H&M Sales Fall 4 Pct in June

Swedish high street retailer says sales rose 5 percent in local currency terms.

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.