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H&M Same-Store Sales Slow in September

Swedish retailer reports 8 percent increase versus a 14 percent rise in August.

PARIS – Hennes & Mauritz AB said same-store sales in September increased 8 percent, compared to 14 percent in August.

Including new stores, total revenues for the month of September grew 16 percent, versus 24 percent in the previous month. The September figure was up sharply from a 1 percent increase in the same month last year.

As of Sept. 30, the Swedish fast-fashion giant operated 2,111 stores, compared to 1,869 on Sept. 30, 2009.