H&M Same-Store Sales Drop 5%

Group sales in October rose 4 percent as Swedish group expanded store network.

PARIS — Hennes & Mauritz AB said same-store sales in October fell 5 percent.

Group sales including VAT gained 4 percent  in October as the Swedish fashion giant increased its store count to 2,715 as of Oct. 31, versus 2,410 a year earlier.

Same-store sales had improved 6 percent in September.

The company provided percentages only. It is slated to report November and fourth-quarter sales on Dec. 17.

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