PARIS— Hennes & Mauritz AB said same-store sales fell 2 percent in October, following a 7 percent decrease in September, as households cut back spending amid fears of a renewed recession in the Euro zone, its largest market.
Sales in local currencies were up 8 percent, an improvement versus September, when they registered a 3 percent increase, the Swedish high-street retailer said. In October 2010, H&M had reported a 3 percent rise in same-store sales and a 13 percent increase in local currencies.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"