• H&M SALES RISE: Hennes & Mauritz on Friday said July sales in local currencies, including value-added tax, rose by 15 percent from a year ago. However, comparable units at stores, Internet and catalogue sales in countries where business has been conducted for at least a year were down by 3 percent. The Swedish firm operated 1,601 stores as of July 31, compared with 1,422 a year ago.

This story first appeared in the August 18, 2008 issue of WWD. Subscribe Today.

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