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government-trade
government-trade

H&M Sales Fall 2% in September

The Swedish high-street retailer said sales receded after a better-than-expected performance in August.

PARIS — Hennes & Mauritz AB said same-store sales fell 2 percent in September after rising 4 percent in August.

Sales in local currencies climbed 7 percent, a decrease over August, when they gained 14 percent, the Swedish high-street retailer said.

In September 2012, H&M had reported a 6 percent rise in same-store sales and a 15 percent increase in local currencies. The retailer only releases percentage changes for monthly sales and does not break out actual sales figures.

The store count stood at 3,006 doors on Sept. 30, compared with 2,669 stores at the same time last year.