By  on March 15, 2019

PARIS — Hennes & Mauritz AB on Friday reported a 4 percent rise in first-quarter sales in local currencies, casting further light on the fast fashion retailer’s performance during the challenging holiday period.

For the Dec. 1 to Feb. 28 period, the Swedish fast-fashion retailer, which is undergoing a company-wide revamp to improve online services, reported sales of 51.01 billion Swedish kronor, or $5.49 billion, a 10 percent rise, with a positive currency rate effect.

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